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Joseph S. Berliner

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In the nineteenth century, skeptics wondered whether socialism could succeed at all. After the Bolshevik Revolution launched a first great experiment in building socialism, it was conceded that a socialist economy could indeed allocate the nation's resources with reasonable effectiveness and could promote a high rate of growth. But in the 1970s, technological change emerged as the chief topic of interest in economic circles, and socialism's potential for generating technological change commanded attention.