| Description |
xvi, 243 pages : illustrations ; 22 cm |
| Contents |
1. Introduction -- pt. I. The Economic Problem -- 2. Production and Distribution -- 3. Supply and Demand -- 4. Economic Adjustment -- 5. The Interplay of Aggregate Supply and Demand -- 6. The Workings of a Planned Economy -- pt. II. The Workings of a Market Economy -- 7. Prerequisites for a Market Economy -- 8. Challenges Posed by the Market -- 9. Dilemmas and Problems in a Market Economy -- 10. Why the Market Nevertheless is Useful -- pt. III. Public Finance, Money, Capital, Labour, and International Trade -- 11. The Political Economy of Public Finance -- 12. The Role of Money -- 13. A Closer Look at the Capital Market -- 14. The Labour Market in a Competitive Economy -- 15. International Trade -- pt. IV. Privatization, Accounting, and Challenges for the Future -- 16. Privatization in Central and Eastern Europe -- 17. Elements of Accounting -- 18. From Plan to Market: The Challenges |
| Summary |
"This book is primarily concerned with describing the economic institutions and functions of market-oriented economies and the theories to explain them. This explanation is directed in particular at readers in the former planned economies who are familiar with neither the institutions nor the theories and so the principles of market economics are expounded especially in the context of the main problems facing economies in transition from a centrally planned to a market structure, namely privatization, the role of money, environmental policy, and international trade."--BOOK JACKET. "Examples and real-life experiences, rather than formal equations, are employed to bring home vital points, making the book accessible to the reader without formal training in economics."--BOOK JACKET. "As well as providing an ideal introduction to the market economy for East and Central European students and businessmen, the book will also be of interest to Western students looking for a non-technical treatment of many current issues of economic organization, setting out these fundamental issues clearly for those who have not previously studied them. Though the focus is on East and Central Europe, the discussion is also relevant to the privatization process in market economies and serves as a useful introduction to general economic principles."--Jacket |
| Analysis |
Capitalism |
| Notes |
Includes index. Bibliography: p. [235]-237 |
|
Part of the Learning Library Programme of the Centre for Baltic Business Development established at the Norwegian School of Management |
| Bibliography |
Includes bibliographical references (pages 235-237) and index |
| Subject |
Capitalism.
|
|
Comparative economics.
|
|
Economics.
|
| Author |
Hamilton, Carl.
|
|
Hamilton, Carl.
|
|
Gylfason, Thorvaldur, 1951-
|
|
Centre for Baltic Business Development
|
|
Norwegian School of Management
|
| LC no. |
92024790 |
| ISBN |
0198773560 |
|
0198773579 |
|
9780198773566 |
|
9780198773573 |
|
