This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,600grams, ISBN:0765612984.

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Bibliographic Details

Title

Economic Lessons from the Transition: The Basic Theory Re-Examined: The Basic Theory Re-Examined

Publisher

M. E. Sharpe

Publication Date

2004

Language

English

ISBN 10

0765612984

ISBN 13

9780765612984

Binding

Hardcover

Condition

Good

Weight

600 grams

Seller catalogs

Economics

About this title

Synopsis

Economic Lessons from the Transition focuses on major transitions in the 1990s: the transition from central planning and communism to market capitalism and the global integration of national financial systems. The transitions were supposed to raise most peoples' standard of living; instead they dramatically worsened the lives of most people in the countries involved. While most attempts to explain this failure focus on policies, the authors of this book argue that failure of economic theory to fully understand these transitions has led to bad policies that made the transitions unnecessarily painful and costly. The book suggests answers to the following questions: How should basic economic theory as taught in introductory economics courses be revised in light of the failure of market-oriented economics to effect a successful transition in so many former communist economies? Could the theory be revised and presented in a different manner? How can basic economic theory be used to help explain the past failures in understanding transition problems and to avoid future mistakes? This volume is a "must read" for all who teach economics or apply economics to the real world.

About the Author

Kazmer, Daniel R.; Konrad, Michele

"About this title" may belong to another edition of this title.

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