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Comparative Economic Systems Objectives, Decision Modes, and the Process of Choice

Comparative Economic Systems Objectives, Decision Modes, and the Process of Choice

Author: 


ISBN-13: 

9780521348898


ISBN: 

0521348897


Publisher:  Cambridge University Press
Summary: 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 Conkin 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 - though themselves desirable - frequently involve trade-offs; the more complete attainment of any one objective may involve the partial sacrifices 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 their choice among objectives and decision modes. [read more]

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Comparative Economic Systems Objectives, Decision Modes, and the Process of Choice

ISBN-13: 9780521348898


ISBN: 0521348897


Publisher: Cambridge University Press
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