Understanding the market economy
Author(s)
Bibliographic Information
Understanding the market economy
Oxford University Press, 1992
- : pbk
Available at / 31 libraries
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Note
Includes bibliographical references ( p. [235]-237) and index
Description and Table of Contents
- Volume
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ISBN 9780198773566
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.
Table of Contents
- 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.
- Volume
-
: pbk ISBN 9780198773573
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.
Table of Contents
Introduction. Part I: The Economic Problem. 1: Production and distribution. 2: Supply and demand. 3: Economic adjustment. 4: The interplay of aggregate supply and demand in a market economy. 5: The workings of a planned economy. Part II: The Workings of a Market Economy. 6: Prerequisites for a market economy. 7: Challenges posed by the market. 8: Dilemmas and problems in a market economy. 9: Why the market nevertheless is useful. Part III: Public Finance? Money, Capital, Labour, and International Trade. 10: The political economy of public finance. 11: The role of money. 12: A closer look at the capital market. 13: The labour market in a competitive economy. 14: International trade. Part IV: Privatization, Accounting, and Challenges for the Future. 15: Privatization in Central and Eastern Europe. 16: Elements of accounting. 17: From plan to market - the challenges. Index
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