Comparative Economic Systems

Language: English

Published by Cambridge University Press, GB, 1991

0521348897 / 9780521348898

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The phrase 'economic system' refers to the organizational arrangements and processes through which a society makes its production and consumption decisions. In this book, Professor Conkin explores the diversity of economic systems and the choices societies must face in determining the economic systems best suited to their needs. He discusses the alternative objectives and alternative decision modes that are available to societies. Objectives such as efficiency, growth, liberty, and equality - though themselves desirable - frequently involve trade-offs; the more complete attainment of any one objective may involve the partial sacrifices of another. In pursuit of its objectives, each society uses a combination of decision modes. Professor Conklin examines six of these: free enterprise, price controls, subsidies, taxation, non-price regulations, and public enterprise. He ends with a discussion of the processes societies use to make their choice among objectives and decision modes.

Seller Inventory # LU-9780521348898

Title
Comparative Economic Systems
Author
David W. Conklin
Publisher
Cambridge University Press, GB
Publication year
1991
Condition
New
Binding
Paperback
Language
English
ISBN 10
0521348897
ISBN 13
9780521348898
Item weight
568 grams

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