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 groups and organizations, the history of science, physical science, and biological evolution - and found evidence for punctuated equilibria (as opposed to steady, incremental change) across those disparate systems. Applications of the theory have been in organizational theory, in the study of small work groups, in research on geographic communities and corporate behavior, and in the study of technological change. As some researchers have noted, the biological applications of punctuated equilibrium have rejuvenated a new "theory about change within entities." At the same time, social scientific applications of the punctuated equilibrium concept have been criticized for losing sight of a