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Understanding the Market Economy

Understanding the Market Economy Cover

 

Synopses & Reviews

Publisher Comments:

This book offers a rigorous and comprehensive analysis of the workings of a planned economy versus that of a market economy. The authors expound the principles of market economics in the context of the main problems facing economies in transition from a centrally planned to a market structure: privatization, the role of money, environmental policy, and international trade. Real-life experiences, rather than formal equations, are employed to emphasize vital points, making the book accessible to the reader without formal training in economics. Though the focus is on Central and Eastern Europe, the discussion is relevant to the privatization process in market economies and serves as a useful introduction to general economic principles.

Table of Contents

1. Introduction


Part I: The Economic Problem


2. Production and distribution


3. Supply and demand


4. Economic adjustment


5. The interplay of aggregate supply and demand in a market economy


6. The workings of a planned economy


Part II: The Workings of a Market Economy


7. Prerequisites for a market economy


8. Challenges posed by the market


9. Dilemmas and problems in a market economy


10. Why the market nevertheless is useful


Part III: Public Finance? Money, Capital, Labour, and International Trade


11. The political economy of public finance


12. The role of money


13. A closer look at the capital market


14. The labour market in a competitive economy


15. International trade


Part IV: Privatization, Accounting, and Challenges for the Future


16. Privatization in Central and Eastern Europe


17. Elements of accounting


18. From plan to market - the challenges


Index


Product Details

ISBN:
9780198773573
Publisher:
Oxford University Press
Subject:
International
Author:
Hamilton, Carl B.
Author:
null, Thorvaldur
Author:
Arne Jon Isachsen
Author:
null, Arne Jon
Author:
Gylfason, Thorvaldur
Author:
null, Carl B.
Subject:
Economics - International
Edition Number:
revised
Edition Description:
bonded leather navy, strap flap closure 611RRLS
Publication Date:
19930211
Binding:
Paperback
Grade Level:
College/higher education:
Illustrations:
6 pt. tupe
Pages:
264
Dimensions:
8.5 x 5.5 x 0.608 in 0.797 lb

Related Subjects

History and Social Science » Economics » General

Understanding the Market Economy
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Product details 264 pages Oxford University Press, Incorporated - English 9780198773573 Reviews:
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