21st Century Economics: Perspectives of Socioeconomics for a Changing World

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In 21st Century Economics, editors Halal and Taylor have assembled a group of leading economists and scholars to provide authoritative analyses of the powerful forces now shaping economic systems, and to estimate where these trends are headed. The essays compare the Information Revolution of today to the Industrial Revolution of yesterday, and show how for the first time in history, economic affairs are being organized around the pursuit of knowledge. Exploring the causes and the effects of this new technological...
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Overview

In 21st Century Economics, editors Halal and Taylor have assembled a group of leading economists and scholars to provide authoritative analyses of the powerful forces now shaping economic systems, and to estimate where these trends are headed. The essays compare the Information Revolution of today to the Industrial Revolution of yesterday, and show how for the first time in history, economic affairs are being organized around the pursuit of knowledge. Exploring the causes and the effects of this new technological foundation for economic systems, the chapters reveal the invigorating benefits and unprecedented challenges that are sure to be a part of what some call the "central nervous system" of knowledge and information. 21st Century Economics helps readers to grasp the revolutionary nature of the current economic transition and to sense the power being unleashed by today's and tomorrow's vast technological advances.
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Editorial Reviews

Booknews
Leading economists and scholars analyze the forces now shaping economic systems and estimate where these trends are heading. They compare the Information Revolution of today to the Industrial Revolution of yesterday, and show how for the first time in history, economic affairs are being organized around the pursuit of knowledge. They explore the causes and effects of this new technological foundation for economic systems, and reveal the benefits and challenges that are part of the Information Revolution. Annotation c. Book News, Inc., Portland, OR (booknew.com)
From the Publisher
“This is a stimulating read for many managers and professionals.” —National Productivity Review

“An excellent volume for upper-division undergraduates, academic and public libraries.” —Choice

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Product Details

  • ISBN-13: 9780312161996
  • Publisher: Palgrave Macmillan
  • Publication date: 4/28/1999
  • Edition description: REV
  • Edition number: 1
  • Pages: 480
  • Product dimensions: 5.87 (w) x 8.59 (h) x 1.52 (d)

Meet the Author

William E. Halal is Professor of Management Science at George Washington University.

Kenneth B. Taylor is Professor of Economics at Villanova University.

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Table of Contents

List of Tables
List of Figures
Acknowledgments
Foreword
Introduction: The Transition to a Global Information Economy
Pt. I Forces Shaping the New Economic Order
1 Transformations: The Forces of Capitalist Change 3
2 Globalization: An Economic-Geographical Perspective 31
3 The Infinite Resource: Mastering the Boundless Power of Knowledge 53
4 Regional Motors of the Global Economy 77
5 Voluntary Simplicity: A New Social Movement? 107
Pt. II Emerging Models of the Firm
6 Enterprise in the Information Age 131
7 Cellular-Network Organizations 155
8 The Internal Market Economy 175
9 Business and the Environment: The Economics of a Clean Business 189
10 Case Study of Lufthansa 213
Pt. III Between Laissez-Faire and Industrial Policy
11 Toward Developing a Twenty-First Century Economic Paradigm: Lessons from Myrdal, Schumpeter, and Hayek 227
12 The Road to Ruin: Neoclassical Hegemony in Transition Economies 251
13 Japan Faces the Twenty-First Century 275
14 Social Enterprises and Civil Democracy in Sweden: Developing a Participatory Welfare Society for the Twenty-First Century 301
15 Healing the Economy the Humanistic Way 327
16 The Quest for Universal Capitalism in the United States 349
17 A Community-Oriented Economy 369
Conclusion: On the Other Side of the Millennium: A Synthesis of Progressive Economic Thought 393
Index 407
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