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socialist viewpoint
Governments can be classified by their economic policy. The [[U.S. Constitution]] provides basic protections for private property that are the foundation of American economic policy.
Governments can be classified by their economic policy. The [[U.S. Constitution]] provides basic protections for private property that are the foundation of American economic policy.
Presenting the socialist viewpoint that everything belongs to the government (rather than to individual members of the public),
C. Lowell Harriss, a professor of economics at Columbia, said that economics is the study of the allocation of scarce goods and services.<ref> [http://www.nytimes.com/2008/07/13/business/13every.html?em&ex=1216440000&en=a9a6d3e97f11545f&ei=5087%0A Lessons in Love, by Way of Economics]</ref>
C. Lowell Harriss, a professor of economics at Columbia, said that economics is the study of the allocation of scarce goods and services.<ref> [http://www.nytimes.com/2008/07/13/business/13every.html?em&ex=1216440000&en=a9a6d3e97f11545f&ei=5087%0A Lessons in Love, by Way of Economics]</ref>