Economic System

Economic System is a system of production, distribution and consumption of goods and services, including the combination of different institutions, organizations, consumers, entities (or even sectors as described by some authors) that make up the economic structure of a society or a community. It also includes how these various organizations and institutions are related to each other, how information passes between them, and the social relations within the system (including the ownership and management structure). A related concept is the mode of production.

Among the real economic systems, special methods of analysis were developed, such as the socialist economy and the Islamic economic jurisprudence. Today, the dominant form of economic organization in the world is based on a capitalist mixed economy.

Economic systems is the category codes in the Journal of Economic Literature classification which includes the study of such systems. One area that overlaps them comparative economic systems. Subcategories of different systems, it includes:

planning, coordination and reform

productive enterprises, factors and product markets, prices, population

public economics, financial economics

national income, revenues and expenses, money and inflation

international trade, finance, investment and aid

consumer economics, welfare and poverty

performance and prospects

natural resources, energy, the environment, regional studies

political economy, legal institutions, property rights.

An organized way in which a state or nation allocates its resources and apportions goods and services in the national community.

An alternative economic system  

This alternative economic system also allows many people to find work. Here, no layoffs or relocations. On the contrary, we will find a street market with dozens of entrepreneurs who sell similar products and an army of workers engaged in more or less the same task.Economists are quick to ridicule the ineffectiveness of these duplicated jobs. But the high degree of competition in the street provides employment for large numbers of people. It frees their desire to undertake. And gives them the opportunity to progress in society.

In São Paulo, Edison Ramos Dattora, a migrant coming campaign was successful in the commercial capital of the country working as Camelo-hawkers. He began by selling sweets and chocolates in trains, and works in a most lucrative branch of trade in street: he sells pirated DVDs of movies just out to commuters working in the city center. Its illegal trade he must watch for the police wherever he moved, enabled him to give his family a standard of living he would never have believed possible: bank account, credit card,apartment in the city center, and enough money to go on holiday in Europe.

"Climbing the social ladder"Whatever the degree of difficulty or degradation of the environment, merchants of the system of seeking to improve their living conditions. A garbage dump, for example-that's the last place anyone thought to find entrepreneurial spirit and hope. But Andrew Saboru, scrap in Lagos, has released its rubbish and has established itself as merchant recycled materials. Alone, without help from the government, NGOs or any bank (Andrew has a bank account but the bank did not lend a penny, his company is not declared and is based on the random work of recovery recyclable materials in the discharge of the immense metropolis of Lagos), he has climbed the social ladder.

"Lagos is a city made for getting by," he told me. "When you have an idea, we're serious and ready to work, you can make money here. I trust in the future. " It took sixteen years to Andrew for taking action, but it was successful, and is proud of the business he has created.

We should be as well. As I said Joanne Saltzberg, who heads the Business Development Club Women Entrepreneurs of Baltimore, we must change our vision and welcome the success of those working in this economy.

"We do revere the success," she said. "I think it does not honor the struggle. People who lack access to resources dedicated to business creation. People who have to take two or three jobs to survive. When we debate in this context and that nevertheless tries to access a better life, it deserves to be applauded. "

When the Blair government boosted Seif al-Islam for it to come to Oxford

Oxford more resistant to pressure the London School of Economics? The British Ministry of Foreign Affairs would have tried piston Seif al-Islam, long regarded as the son of Muammar Gaddafi heir, that he entered the famous university. The Blair government was apparently concerned to warm diplomatic relations between Britain and Libya, according to a report by Lord Woolf, whose Guardian relays the main conclusions.

In the summer of 2002, Professor Valpy FitzGerald had received a call from the Foreign Office asking if Seif al-Islam could be admitted as master of Development Economics, but in view of the qualifications of the principal applicant, his application was rejected . "I understood that the Foreign Office would have appreciated this aid while Libya was opened again to the West," says Valpy FitzGerald, quoted in the report. He refused this application which "had little chance of passing, Seif al-Islam that has not gained social science prerequisites."

He was then accepted by contrast to the LSE in philosophy, but not in public policy as requested. The LSE has been dubbed by some the "Libyan School of Economics" after the donation of one million and a half pounds received by the university or the signing of a contract to train Libyan officials.

Media coverage of this donation led to the resignation of the director of the university, Howard Davies. The origin of the donation from the foundation of Seif al-Islam (Gaddafi International Charity and Development Foundation) at the LSE is also the object of suspicion around a conflict of interest could come from pots of wine three companies of Turkey, Italy and Scotland, attracted by economic opportunities in Libya.

In addition, the report highlights the collusion between the LSE Professor David Held, Seif al-Islam and the money given to the LSE was intended to build a research center on Global Governance (Center for Global Governance) that he would lead. The donation of one million and a half pounds was to be given in units of 300,000 pounds over five years.

Congratulations to Tony Blair