In this episode I define these 3 economic philosophies in theory, practice, and  how they influence government.   

References 

Dagger, Richard. 2019. “communism | Definition, History, Varieties, & Facts | Britannica.” Encyclopedia Britannica. https://www.britannica.com/topic/communism.  

Dagger, Richard. 2022. “socialism | Definition, History, Types, Examples, & Facts.” Encyclopedia Britannica. https://www.britannica.com/topic/socialism.  

Heilbroner, Robert L. 2022. “capitalism | Definition, Characteristics, History, & Criticism | Britannica.” Encyclopedia Britannica. https://www.britannica.com/topic/capitalism.