Center for Economic and Social Justice powers and profits of land and productive assets became concentrated within a tiny elite of private owners. To remedy the abuses of concentrated capital ownership, Marx and Engels in "The Communist Manifesto" (1848) declared, “[T]he theory of the Communists may be summed up in the single sentence: the abolition of private property.” In contrast, Kelso turned the socialist's central assumption around by asserting that private property, far from being the problem, is essential for creating a truly just free market global economy. An economically just economy is one in which every citizen can be a capital owner without taking property
Social Theory and Practice Social Theory and Practice Social Theory and Practice is a peer-reviewed academic journal that features discussion of theoretical and applied questions in social, political, legal, economic, educational, and moral philosophy, including critical studies of classical and contemporary social philosophers. Established in 1970, it publishes original philosophical work by authors from many disciplines, including the humanities, the social sciences, and the natural sciences. This journal has a Level 1 classification from the Publication Forum of the Federation of Finnish Learned Societies. and a SHERPA/RoMEO "green" self-archiving policy. It is published quarterly by the Florida State University Department of Philosophy, in cooperation