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::: Ah, thanks. I was looking that the first sentence, rather than the last. I fixed it.--[[User:Aschlafly|Aschlafly]] 23:49, 30 July 2008 (EDT)
::: Ah, thanks. I was looking that the first sentence, rather than the last. I fixed it.--[[User:Aschlafly|Aschlafly]] 23:49, 30 July 2008 (EDT)
I think the sentence describing the difinition 'the allocation of scarce resources' as socialist should be removed. The meaning of the phrase seems to have been misunderstood- regardless of the views of the individual professor mentioned, the term is widely accpeted as one of the definitions of economics. Allocation does not only refer to allocation by the government but may, and usually does, also refer to allocation by the market mechanism - Adam Smith's 'invisable hand'. This second use of the term allocation certainly is not socialist.
[[User:Geneya|Geneya]] 13 October 2008 (EDT)