Understanding the Market Economy

Name: Understanding the Market Economy
Price: 9.89 USD
Availability: InStock
ISBN: 9780198773573

ISBN-10: 0198773579

ISBN-13: 9780198773573

Edition: 1992

Authors: Arne Jon Isachsen, Carl B. Hamilton, Thorvaldur Gylfason

List price: $35.00

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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…

Book details

List price: $35.00
Copyright year: 1992
Publisher: Oxford University Press, Incorporated
Publication date: 2/11/1993
Binding: Paperback
Pages: 260
Size: 5.50" wide x 8.50" long x 0.61" tall
Weight: 0.814
Language: English




Introduction



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



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



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



Privatization, Accounting, and Challenges for the Future



Privatization in Central and Eastern Europe



Elements of accounting



From plan to market - the challenges


Index