[(Principles of Comparative Economic Systems EPZ : Culture, Wealth and Power in the 21st Century)] [By (author) Steven Rosefielde] published on (May, 2002) - Hardcover

Steven Rosefielde

Hardcover

ISBN 10: 6312296121 ISBN 13: 9786312296126

Publisher: John Wiley and Sons Ltd, 2002

Synopsis

Comparative Economic Systems: Culture, Wealth, and Power in the 21st Century explains how culture, in various guises, modifies the standard rules of economic engagement, creating systems that differ markedly from those predicted by the theory of general market competition. This analysis is grounded in established principles, but also assumes that individual utility seeking may be culturally determined, that political goals may take precedence over public well-being, and that business misconduct may be socially detrimental. The book clarifies conceptual misunderstandings about the comparative merit of free competition and perfect governance, showing in many cases how the same results are attainable using either mechanism, or by combining them. It illuminates why engineering variables such as the quantity and quality of fixed and variable inputs, management, entrepreneurship, technological progress, and economic governance do not adequately explain disorders like the increasing poverty of the world's poorest nations. End-of-chapter questions and an extensive glossary enhance the book's utility and enable readers to fully comprehend the key features of each chapter.

Edition details

• Publisher: John Wiley and Sons Ltd
• Publication date: 2002
• ISBN 10: 6312296121
• ISBN 13: 9786312296126
• Binding: Hardcover
• Language: English