YN's school of economic thought?

[Zhouran]

What school of economic thought does your nation's government use in regards to your nation's economic system?

Examples include Austrian, Keynesian, Chicago, Marxian, Mercantilism, etc...

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Since the start of the "Zhouranese Economic Miracle" on January 3, 1979, the economic system of the People's Republic of Zhouran switched from Self-Management Economy to People's-Oriented Market Economy*, which itself uses the Laixinjue School of Economics.

The Laixinjue School of Economics, also referred to as Laixinjue Economics, is a school of economic thought created in early 1938 at Laixinjue University in Ouyang. Influenced by Zhouranese Socialism* (which is a Zhouranese characteristic of socialism created in early 1922), the Laixinjue view is that aggregate demand (total spending in the economy) does not necessarily equal the productive capacity of the economy and that the government should provide significant services in the area of social security, unemployment benefits and recognition of labor rights through national collective bargaining arrangements.

The Laixinjue School advocates support for combining free markets with a social safety net while retaining public ownership of key sectors; support for a comprehensive merit-based welfare state aimed specifically at enhancing individual autonomy while promoting social mobility and meritocracy; reducing conflict between labor and the interests of capital using a corporatist system involving a tripartite arrangement where employer federations and labor representatives from collective productive unions and cooperative management groups bargain at the national level mediated by the government; strong emphasis on maximizing labor force participation, promoting meritocracy and social cohesion, the large magnitude of income redistribution, and liberal use of expansionary fiscal policy; values of creativity, discipline, concern for the greater good, productivity and self-sacrifice; support for using innovative industrial relations and closer relationships between the financial and industrial sectors to cultivate economic prosperity; and a commitment to widespread private ownership, free markets and free trade.

Because of the current economic system and school of economic thought being used in the nation's economy, the People's Republic of Zhouran is commonly known by foreigners as a Right-Wing Welfare State with many right-leaning nationalists, fascists and national-socialists (nazis) calling Zhouran the ideal model third-positionist utopia due to its radical left-wing economics and reactionary right-wing ethno-culturalist society. Not only that, right-wing nationalists, fascists and national-socialists admire the third-position economic ideas from Zhouran due to similarities with the economic policies of national-socialism, Italian fascism, strasserism and falangism, however those who support the free-market tend to dislike Zhouranese economic ideas due to their collectivist nature (Zhouranese society is collectivist in comparison to individualistic western societies) and socialistic pinko-behavior (ironically every Zhouranese economic thinkers have always been strongly anti-marxist).

Many leftist socialists from the West and third-world nations strongly abhor Zhouran for being a "xenohpobic racist fascistic racial-supremacist nazi hell-hole" (which is a load of bullsh*t) but at the same time do admire Zhouran's economic ideas due to their similarities with the more-leftist economic ideas from Nordic nations.

Because Zhouran's right-wing socialistic economic ideas revolve around caring for the people, social mobility, meritocracy and productivity, this has a strong effect on standard of living in the nation. As a result, being a first-world nation with a very-high standard of living, Zhouran is said to have the most efficient social security in Asia and one of the best in the world, placing it in a similar ranking with the social securities of Nordic nations such as Sweden and Norway.

While Laixinjue Economics does receive praise both domestically and internationally, it also receives its fair share of criticism, especially from the more-hardline elements of Zhouranese socialism, kunbangism* and yirenweiben* who believe that the school is nothing more than classic western-brainwashed capitalist revisionism with supporters of the school being called out by hardline Zhouranese socialists, kunbangists and yirenweibenists as capitalist traitors, lapdogs for Wall-Street banking cartels and western whores.

People-oriented market economy (Putonghua: 以人为本的市场) is a nominally free-market system where the state provides significant services in the area of social security, unemployment benefits and recognition of labor rights through national collective bargaining arrangements. It is a form of market capitalism created in the People's Republic of Zhouran on January 3, 1979, during the start of the "Zhouranese Economic Miracle."

Characteristics:

- A complex social safety net in addition to public services such as free education and universal healthcare

- An effective combination of monetary, credit, trade, tax, customs, investment, and social policies

- A partnership between employers, trade unions and the government, whereby these social partners negotiate the terms to regulating the workplace among themselves

- A free market combined with a social safety net, together with public ownership of key sectors

This type of market capitalism creates an economy that serves the welfare and needs of the people, thereby fulfilling its main goal.

Zhouranese Socialism is a characteristic of socialism that originated from Zhouran. Created in early 1922, it connects socialism with Zhouranese Virtues, which is an ethical code that was created in late 1861 and is associated with Zhouran's passionate and intense warrior culture, which dates back to the birth of the Silin Dynasty in 7 BC.

This unique variation of socialist thinking, believing in the values of creativity, discipline, concern for the greater good, productivity and self-sacrifice, is connected to the value system of Zhouranese Virtues, which significantly influenced the Zhouranese image of efficiency, discipline, loyalty and honor. Thinking outside the class conflict perspective, Zhouranese Socialism believes that the politics and society of a nation is not controlled by the opposition between rich and poor, but rather by rank, merits, achievement and talent. It also states that a "strong, cohesive and prosperous society is built on the distinction between command and obedience, the influences of military and bureaucratic discipline, and the idea that everyone has the possibility to attain every existing rank and receive merit exclusively based on ability and talent".

According to Zhouranese Socialism, "local corporate bodies should be organized according to the importance of each occupation to the people as a whole." The thinking also believes that "industries should be organized into collective productive unions in which industries are owned and managed by the workers through cooperative management groups composed of specialists and representatives of workers in each field to negotiate and manage the economy of a nation".

Kunbangism (Putonghua: 捆绑思想; English: Bundled Thought), also referred to as National Collectivism and Collective Nationalism, is a Zhouranese social, political and economic ideology created in early 1928. Considered to be a syncretic third position rather than left or right wing, the ideology is characterized by a militarist formulation, strong adherence to preserving cultural heritage and traditions, anti-individualism, statism, radical extremism, and aggressive militarism. Kunbangism is a combination of nationalism, conservatism and socialism.

Tenets

Nationalism and Conservatism

As the foundation of the ideology, nationalism and conservatism form the core of Kunbangism. The kunbangist view of a nation is of a single body that bundles people together by their culture, heritage and traditions, and is what naturally unifies people together. Kunbangism believes in upholding and defending cultural identity, which is what makes a nation and its culture unique.

Militarism

Kunbangism believes that the military plays an important role in the society of a nation. The ideology promotes strong military ethos and believes that a strong and prosperous military ensures the security, viability and stability of a nation. Kunbangism strongly emphasizes on military-patriotic values and the concept of unquestioning loyalty to both the military and the nation.

Hierarchy

Kunbangism emphasizes the need for authority, hierarchy, and order in society. The ideology believes that advancement in such a society should be based on performance and merit measured through examination and demonstrated achievement. Kunbangism also believes that each individual should work hard for personal rewards in life, and that the preservation of social hierarchy is in the interests of all classes, and therefore all classes should collaborate in its defense. Both the lower and the higher classes should accept their roles and perform their respective duties.

Economics

Kunbangism follows its own economic concept known as National Collective Socialism (Putonghua: 国家集体社会主义). This concept involves management of an organization by its workforce and self-directed organization, while the state supervises the economy and maintain a strong directive influence over investment. While national collective socialism believes in the nationalization of industries, the concept also allows private individuals to create their own company, as long as they cooperate with both the state and the workers. Under Kunbangism, the state should have a role in mediating relations between the classes, believing that the existence of inequality and separate social classes is beneficial to the economy and society.

Through national collective socialism, worker-members manage an organization indirectly through the election of specialist managers. Self-management is conducted by an oversight of an organization by elected bodies of specialized managers.

Kunbangism strongly promotes direct action to allows workers to lead the production and to form groups known as management unions within the organization they work in. Management unions allow all workers from an organization to come together for face-to-face meetings, in which each worker has one vote. With management unions, the managers within an organization are directly elected and recallable, however the most important decisions are made collectively by the whole workforce.

National collective socialism believes in total unity and that all citizens can work together and receive personal rewards and merits, as long as they are loyal, assimilated, and work towards the good of the nation. National collective socialism also believes that workers are not employees but partners in the administration of their enterprise. The importance of autonomy for productivity in the firm and allowing workers to receive a portion of the profit to tie up their productivity to their level of compensation, is strongly promoted.

Yirenweiben (Putonghua: 以人为本, English: people-oriented) is a Zhouranese political thesis created by Xia Peng on November 3, 1955, during the Zhouranese Civil War. It is a mix of socialism and militarism, and is currently the main ideology of the People's Republic of Zhouran since September 9, 1956. Yirenweiben states that "the people are the leading force of a growing nation." It is characterized by policies and practices based on the principle that in each country, the means of attaining ultimate goals must be dictated by the conditions of that particular country, rather than by a pattern set in another country. Yirenweiben also focuses on fast industrialization and modernization.

Since 1956, the government has elaborated Yirenweiben into a set of principles that they use to justify their policy decisions.

Values

- Strong military posture

- Industrialization and modernization

- Equality

- Progress

- Patriotism

A person who believes in Yirenweiben is called a Yirenweibenist in English.

[Chinese Peoples]

Keynisan and some state capitalism. The constitution requires the government to stimulate the economy and provide capital.

[Adaajural]

If asked to describe it, most royal officials would simply state they follow whichever school of thought suits the situation best.

In practice, this leads to a pragmatic sort of neomercantilism rooted in the ideas of Alexander Hamilton and Friedrich List as well as the functional finance of Abba P. Lerner. It could very accurately be described as a form of state capitalism, as the heights of industry are owned by state monopoly companies - the Charted Companies - while private business is relegated to a secondary role in those consumer sectors deemed beneath the state and thus not worth nationalizing, with the end result mimicking the New Economic Plan of Vladimir Lenin. Of the official schools of economic thought, this places Adaajural closest to the Post-Keynesian and institutional schools.

Full employment is valued over stable prices, though both are present - the latter being stabilized through brute force nationalization and redistribution if necessary, the former ensured through a job guarantee offering which also doubles as an unofficial minimum wage as anything paying less would be utterly incapable of attracting workers. Those hired through the job guarantee are used as unskilled workers in a variety of state projects, ranging from construction to waste disposal. In the view of Adaajural, there is nothing that cannot be achieved through sufficient state intervention.

[Pantopian Empire]

Our nation currently has a developmental market socialist economy. Historically, the State has had considerable influence over the heavy industry and utilities sectors, while private companies operate the light industry and consumer goods sectors. This form of economic management is known in Pantopia as Arkitism, after Grand Premier Lionel Arkita, who pioneered the system. Arkitism is seen as a pragmatic application of socialist ideas to a modernizing society. This system, which has been in place since the early 1960's, is now giving way to a more traditional capitalist model. Elements of Arkitism still remain, however.

[Crylante]

Crylante's economic school is often called the Septimist-LaBlancite school, in which Keynesian-style government intervention (Septimism) is used in co-ordination with a relatively free market, which is regulated to break up monopolies, ensure the rights of the worker and protect the environment (LaBlancism).

Therefore, using real-world terms, Crylante could be said to be a mix between the Keynesian school and the Freiburg school (ordoliberalism) of economics.

However, Crylante's only overseas territory, the Vanir Islands, use a market socialist economic model with heavy government intervention, and within Crylante proper, the Jord/Stadelle known as the Nixoperuit Free State (population: 15,012) has much of its industry (mostly mining and energy) nationalised and controlled by its direct democratic government, meaning that the Nixoperuit Free State itself could be considered socialist in its economic approach.

[Estainia]

Feudal agrarianism with a tad bit of mercantilism and protectionism.

[UKCS]

A form of extreme anti-market socialism. The thought of the nation being governed by the whims of a few greedy coporations utterly horrifies and disgust the average citizen.
A diplomat once threatened that their home nation would wage war (the hell) on us if we did not engage in the free market. The First Premier sent his head back in a box.

[Karamiko]

Karamiko's government doesn't rigidly follow any economic doctrine, but its policies usually fall in line with Keynesian economics.

[Austrasien]

Neo-mercantilism. Maintaining, growing and enhancing the nation's industrial production capacity is the guiding star of Austrasian economic policymaking.

[Burgesses]

Profectism is based on utilitarian national socialism.
Our economy functions off of mercantilist state capitalism.
Although most of our economy runs off of free market activity, the state does have a hand in influencing economic activity.
Average income growth under Profectism has grown rapidly.

[Grand Britannia]

Neo-Mercantilist Corporatism.

[TURTLESHROOM II]

TurtleShroom subscribes to nineteenth century, Victorian economic thought based around and on "captains of industry", monopolization, and lazziez-faire economics whenever possible. TS is the archaic school that predates Austrian Economics.

In practice, TS is more of a banana state than a truly capitalist industry, because its lack of regulation led to monopolization, Regulatory Capture, and oligarchy.

Although TS is lazziez-faire in economics, the state nonetheless prohibits entire industries from existing: mainly, non-pharmaceutical drug and sex industries.

[Libertasnia]

Libertasnia uses an economic system proposed by Valeria Ilyina, one of the founders of the nation. Her political thought dominated Libertasnia for years, until her DeLeonist model was abandoned.

Her economic thought mixes decentralized state planning with workers' self-management and is known as the Valerian School. All industries are officially publicly owned.

[UniversalCommons]

In 2030, the UniversalCommons reached the state of Abundance, being able to produce far more than they could consume. They did this through an advanced system of automation combined with artificial intelligence focused on human computer interaction. Approximately 70% of jobs are fully automated--35% are purely machine driven, and 35% use an advanced system of human computer interaction designed where machines work closely with people to create precision high quality products. Another 20% are based on intellectual, creative, or artistic capital. 10% are based on physical labor.

The structure of the economy is a mixed economy which draws from many ideas from postscarcity. At the point in 2030, it became impossible to employ about 20% of the population in regular jobs. A system of basic guarantees focused on guaranteed lifelong learning and a basic income guarantee were put in place. In order to collect the Basic Income, several hours of learning are required. Also, a guarantee for simple housing was provided for citizens.

To build wealth, one still had to produce things of interest either intellectual or physical. The arts fluorished including music, handicrafts, pottery, and many old fashioned industries like furniture making. With more time on their hands many people turned to craftsmanship and invention. Also people took an interest in clean technology having more time to develop industry in ways that they found to be more in their interest.

To keep more people busy, ownership structures for corporations and nonprofits were restructured so people could more easily share ownership to start new ventures. It became easier to "kickstart" new ventures.

[Californiae]

American school of Capitalism.

[Gallia-]

Galla is a state capitalist/neo-mercantilist/bureaucratic collectivist state.

[Englelond]

Agrarian Socialism

[Great Karoo]

Broadly Keynesian.

[Darussalam]

Laissez-faire neoliberalism.

[Tinhampton]

Again, under the reign of UCP Finance Minister Victoria Byrne, Tinhampton is currently undergoing a phase of neoliberalism (see also: Brian Young and co. capitalising on Thatcherite reforms; Byrne's previous spell as Finance Minister, 2004-2007).

If you are going under the presumption that Tinhampton is a nation located in RW Earth (rather than in the "full fat" NSverse with NS nations only), it has been reported that Byrne's support for remaining in the EU was based on the presumption that they strongly regulated deprivatisation; however, her speeches seem to give a different air of "more free trade" and such is the like. Mayor Anderson was quick to complain that the EU only allowed free trade deals to be done of behalf of the EU, and then it all boiled over for one week in April 2016... but that's for another day.

[Vandario]

Generally Third Position, State Capitalism some call it.

[Tapirlandia]

Feudal agrarianism.

[Merriwhether]

Keynesian market socialism. Democratic enterprises dominate the domestic economy and the government intervenes with heavy demand-side stimulus at any round of economic turmoil. Though, generally, since we're relatively self-sufficient and adequately regulate our financial sector, internal recessions are few and far between. The most damage done to our economy is usually the knock-on effects of globalized recession.

[Soviet Socialist and Peoples Republics]

The Global Communist Union of Soviet Socialist and People's Republics is a nation led in accordance to Marxism-Leninism.

[Mighty Dragon Kalemdir]

Kalemdir's realms are structured under a system of feudalism.