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Bibliographic Details

Title: Comparative Economic Systems : Objectives, Decision Modes, and the Process of.
Publisher: Cambridge University Press
Publication Date: 1991
Language: English
ISBN 10: 0521348897
ISBN 13: 9780521348898
Binding: Paperback
Condition: New
Weight: 21 ounces

About this title

Synopsis

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 Conklin 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--while themselves desirable--frequently involve trade-offs; the more complete attainment of any one objective may involve the partial sacrifice 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 the necessary decisions between the available objectives and decision modes.

Book Description

Alternative objectives and decision modes are considered in a comparative exploration of diverse economic systems and the choices societies must face in determining the systems best suited to specific needs.

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