Economic Systems and Human Welfare: A Global Survey / Edition 1 available in Hardcover
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This text takes a contemporary comparative systems approach, moving beyond the focus of the old US vs. USSR split by providing a more global comparison of economic systems from all parts of the world. Includes coverage of basic economic principles such as scarcity, choice, and optimization throughout the book. Uses a "success criteria" based on full employment, technical efficiency, economic efficiency, economic growth, freedom, justice, and equality to comparatively evaluate each economic system discussed.
Table of ContentsPART I: BASIC CONCEPTS. 1. Scarcity, Knowledge, and Incentives. 2. Choice, Optimizing, and Success Criteria. 3. Economic Systems: A Conflict of Visions. PART II: MODEL ECONOMIC SYSTEMS. 4. The Perfectly Competitive Market Economy. 5. The Centrally Planned Command Economy. 6. Hybrid Models: The Computer and the Market. PART III: THE 20TH CENTRURY: SELECTED CASE STUDIES. 7. A Capitalist Market Economy: The United States. 8. A Socialist Command Economy: The Soviet Union. 9. A Socialist Market Economy: Yugoslavia. PART IV: LEGACY AND PROSPECTS AROUND THE WORLD. 10. The Developed Market Economies. 11. Post-Soviet Russia and Eastern Europe. 12. The Islamic Crescent. 13. Sub-Saharan Africa. 14. India. 15. China. 16. The Other Asia and Islands. 17. Latin America and the Caribbean. 18. Global Comparisons.