The Global Economy and Its Economic Systems

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Since the first edition of this book in 1975 (previously titled Comparing Economic Systems in the Twenty-First Century), this market-leading title has examined different economies in theory and practice. This edition represents a complete revision and a significant expansion of the previous (2004) edition. The authors have completely rewritten and reorganized the 21 chapters of the previous edition and included a new chapter (Chapter 12, The Europen Model). Available with InfoTrac Student Collections

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Product Details

  • ISBN-13: 9781285055350
  • Publisher: Cengage Learning
  • Publication date: 2/28/2013
  • Edition description: New Edition
  • Pages: 704
  • Sales rank: 638,416

Meet the Author

Paul Gregory is in charge of Hoover's research on the Soviet state and party archives. His project has brought together economists, historians and political scientists from around the world to do analytical work on Hoover's rich holdings of Soviet-era documents. Gregory and his team have produced more than fifty articles and seven books, including two that have received international awards. He served as editor of the seven-volume History of Stalin's Gulag (published jointly by Hoover and the Russian Archival Service), which was awarded the silver human rights award of the Russian Federation in 2006 and is an editor of the three volume Stenograms of the Politburo of the Communist Party (published jointly by Hoover and the Russian Archival Service). Two of his edited works - Behind the Façade of Stalin's Command Economy and The Economics of Forced Labor: The Soviet Gulag — have been published by Hoover Press. In addition to Hoover support, Professor Gregory's current research on Soviet dictatorship and repression is supported by the National Science Foundation. Paul Gregory holds an endowed professorship in the Department of Economics at the University of Ho u s t o n and is a research professor at the German Institute for Economic Research in Berlin. The holder of a Ph.D. in economics from Harvard University, he is the author or coauthor of nine books and many articles on the Soviet economy, transition economies, comparative economics, and economic demography. He serves on the editorial boards of Comparative Economic Studies, Journal of Comparative Economics, Problems of Post-Communism, and Explorations in Economic History. He is currently the President of the Association of Comparative Economic Studies.

Robert C. Stuart is Professor Emeritus at Rutgers University, Department of Economics. He received his Ph.D. in economics from the University of Wisconsin, Madison. He has taught Introductory Economics; Comparative Economic Systems; and The Economy of Russia; Managerial Economics and was a visitor at the Russian Research Center, Harvard University and a Visiting Scholar, Timiriazev Agricultural Academy in Moscow. His research interests include Russian and East European (transitional) economic systems; Russia - agriculture and rural development; urban growth; migration and population issues. He is the author, co-author or editor of approximately fifteen books on Russia and Eastern Europe, has authored or co-authored approximately seventy-five scholarly articles, and has served as Editor of Comparative Economic Studies.

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Table of Contents

Part I 1. Economic Systems in Historical Perspective. 2. Definitions and the Classification of Economic Systems. 3. Economic Systems and Economic Outcomes. 4. How Economic Systems Change. 5. The Setting of Economic Systems. Part II 6. The Theory of Capitalism. 7. The Theory of Planned Socialism. 8. The Theory of Market Socialism. Part III 9. Introducing Three Models of Capitalism. 10. The Anglo-Saxon Model - England and the Industrial Revolution. 11. The Anglo-Saxon Model - the United States Economy. 12. The European Model. 13. The Society Command Economy. 14. China: Market Socialism. Part IV 15. System Change in a Global Perspective: Transition. 16. Transition Economies: Output Patterns and Measurement Issues. 17. Introducing Markets: Privatization and the Decline of Government. 18. The Macroeconomy: Fiscal and Monetary Issues. 19. Transition and the Global Economy: International Trade and Finance. 20. Transition and the Safety Net. Part V 21. The World Economies: Economic Growth and Performance in Differing Economic Systems. 22. Prospects for the World Economy Through 2050.

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