Human societies of different nations and culture contain people (also social members and actors) that constantly interact with social institutions and organizations, primarily because these institutions achieve a common goal that is desirable and agreeable to an individual or group. The A...

Adam Smith, whose Wealth of Nations was published in 1776, was the father of modern economics and capitalism. He argued, that the free operation of market forces was the best recipe for a flourishing and growing economy. If everyone is as free as possible to pursue his or her own self-interest, ...

During the Nineteenth Century different ideologies emerged about politics, freedom, business ownership and life in general. Many events were spurred by clashes between supporters of each idea and these clashes forced many people to step forward and support their beliefs. Two of the main ideas that...

With the fall of many Communist regimes in Warsaw Pact states during the late 1980's, many people considered that as the death throes of Marxism and Communism as a viable political ideology and economic model. The final deathblow was actually delivered in 1991, when the Union of Soviet Socialis...