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
Punctuated equilibrium in social theory Punctuated equilibrium in social theory Punctuated equilibrium in social theory is a method of understanding change in complex social systems. The method studies the evolution of policy change, including the evolution of conflicts. The theory suggests that most social systems exist in an extended period of stasis, which are later punctuated by sudden shifts in radical change. The theory was largely inspired from the biological theory of punctuated equilibrium developed by paleontologists Niles Eldredge and Stephen Jay Gould. The punctuated equilibrium model of policy change was first presented by Frank Baumgartner and Bryan Jones in 1993, and has increasingly received