The Basic Market Mechanism -- Firms and the Markets They Operate In -- The Factors of Production -- The Role of Government -- Measuring Economic Activity: The Key to Understanding -- Macroeconomics -- Monetary Policy and Its Prerequisites -- Foreign Exchange Rates and Exchange Rate Crises -- Transition in the Context of the International Financial System -- The Consequences for Open-Economy Macroeconomics -- Benevolent and Malevolent Markets -- Japan: The First Demographic Transition
Summary
This work 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
