Comparing Economic Systems in the Twenty-First Century

Gregory and Stuart have revamped this definitive text to mirror major changes within the global economy of the 21st century. In addition to a new title, the book now features more emphasis on transition, the acceleration of globalization, present trading agreements, and recent exchange rate regimes.

ISBN 0618261818   Pages 576 ISBN13 9780618261819 (What's this?)   Volumes 1 Publisher Cengage Learning, Inc   Weight (grammes) 740 Imprint Houghton Mifflin   Published in Boston Format Paperback   Previous ISBN 9780395908150 Publication date 21 Sep 2003   Height (mm) 166 Library of Congress 2004301486   Width (mm) 236 DEWEY 330.1   Spine width (mm) 28 DEWEY edition DC22   Academic level Undergraduate, Professional / Scholarly, Postgraduate

Note: Chapters 2-22 conclude with a Summary. I. Economic Systems: Issues, Definitions, Comparisons 1. World Economic Systems in the Twenty-First Century The World Economy, History, and Economic Systems The Economy of the Twenty-First Century An Appraisal of Transition The Choice of Economic Systems in the Twenty-First Century 2. Definition and Classification of Economic Systems Economic Systems: Definition and Classification Characteristics of Economic Systems Alternative Economic Systems: Islamic Economics and the Latin American Model 3. Institutions, Systems, and Economic Outcomes The Forces Influencing Economic Outcomes The Evaluation of Outcomes: What Constitutes Success The Determination of System Priorities Performance Criteria Tradeoffs Economic Systems and Performance Institutions and Economic Performance 4. Changing Institutions Reform of Economic Systems Economic Development and Systemic Change Marx's Theory of Change Schumpeter: The Evolution of Capitalism The New Institutional Economics Change in Socialism Change in Capitalist Economies Change in Socialist Economies Transition II. Economic Systems in Theory 5. Theory of Capitalism How Markets Work State Intervention Growth and State Policy The Performance of Capitalist Economic Systems: Hypotheses 6. Theory of Planned Socialism The Socialist Economy The Marxist-Leninist View of Socialism The Socialist Controversy: The Feasibility of Socialism The Planned Economy: Formal Organization Resource Allocation Under Planned Socialism The Performance of Planned Socialism: Hypotheses 7. Theory of Market Socialism Market Socialism: Theoretical Foundations Market Socialism: The Cooperative Variant The Participatory Economy in the Twenty-First Century Democratic Socialism? The Performance of Market Socialism: Hypotheses III. Economic Systems in Practice 8. The Anglo-Saxon Model of Capitalism Models of Capitalism Constitutional Foundations of the U.S. Economy The Private Sector versus the Public Sector Business Organization Corporate Governance Capital Markets Regulation Deregulation Providing for Income and Security Privatization Macroeconomic Planning Final Comments 9. The European Model Ideological and Philosophical Foundations Legal Foundations: Civil Law Features of the European Model Public Enterprise: Nationalization, Privatization, and Deregulation The Limits of Income Security: Sweden 10. The Asian Model Ideological and Theoretical Foundations The Lewis Two-Sector Model Characteristics of the Asian Model 11. The Soviet Command Economy History The Setting The Soviet Economy: A Framework Planning in Theory Planning in Reality The Soviet Manager: The Principal-Agent Problem Prices and Money Agriculture International Trade 12. China: Market Socialism? Revolution and Upheaval The Chinese Economic System 13. The Command Economies: Performance and Decline Problems of Evaluation The Performance of Systems Economic Growth Performance Comparisons and Decline Appendix 13A IV. Systemic Change in a Global Perspective: Transition 14. An Introduction to Transition Concepts and Context Transition in a Global Setting Assessing Transition: Contemporary Perspectives A Systems Perspective The Framework of Transition: Theory and Evidence 15. Transition Economies: Output Patterns and Measurement Issues Explaining Patterns of Growth in Output Transition Economies 16. Transition: Models, Policies, and Approaches Transition: The Early Years V. Transition in Practice: The Components 17. Introducing Markets: Privatization and the Decline of Government Privatization in Transition The Transition Setting Privatization: Assessing the Results 18. The Macroeconomy: Fiscal and Monetary Issues Creating the Macroeconmy: The Early Years of Transition A Macroeconomic Framework The Macroeconomic Agenda and Its Evolution Banking in Transition Economies 19. Transition and the Global Economy: International Trade and Finance Collapse and the Early Years of Transition Emerging Trading Arrangements: Regional and P

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