Political scientists have coined a variety of ideologically slanted terms to designate the “middle way” between the market and the command economy, including neofascism, the affirmative democratic state, and corporate liberalism. A more straightforward approach to classifying a political-economic system is by the way it treats property ownership (public vs. private) and control (public vs. private).

Robert L. Bradley, Jr. is CEO of the Institute for Energy Research.
Roger S. Donway is an independent scholar and author living in Poughkeepsie, New York. Since 2005, he has worked as a researcher and editor for Robert Bradley Jr.’s tetralogy on Enron.
Economic History and DevelopmentEconomyFree Market Economics
Other Independent Review articles by Robert L. Bradley, Jr.
Spring 2013 Reconsidering Gabriel Kolko: A Half-Century Perspective
Other Independent Review articles by Roger S. Donway
Spring 2022 Contra-capitalism: The Exit Ramp from Market-Oriented Business
Spring 2013 Reconsidering Gabriel Kolko: A Half-Century Perspective