Understanding the Market Economy
Published on 10. December 1992
Book
Hardback
259 pages
978-0-19-877356-6 (ISBN)
Description
This is a critical 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 economy to a market structure, namely privatization, the role of money, environmental policy, and international trade. Examples and real-life experiences, rather than formal equations, are employed to bring home vital points, making the book accessible to the reader without formal training in economics. Although the focus is on Central and Eastern Europe, the discussion is also relevant to the privatization process in market economies and serves as a useful introduction to general economic principles.
More details
Language
English
Place of publication
Oxford
United Kingdom
Target group
College/higher education
Professional and scholarly
Illustrations
27 line drawings, bibliography, index
Dimensions
Height: 215 mm
Width: 140 mm
Weight
471 gr
ISBN-13
978-0-19-877356-6 (9780198773566)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
Content
Part I: The Economic Problem: Production and distribution; Supply and demand; Economic adjustment; The interplay of aggregate supply and demand in a market economy; The workings of a planned economy; Part II: The Workings of a Market Economy: Prerequisites for a market economy; Challenges posed by the market; Dilemmas and problems in a market economy; Why the market nevertheless is useful; Part III: Public Finance, Money, Capital, Labour, and International Trade: The political economy of public finance; The role of money; A closer look at the capital market; The labour market in a competitive economy; International trade; Part IV: Privatization, Accounting, and Challenges for the Future: Privatization in Central and Eastern Europe; Elements of accounting; From plan to market - the challenges.