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Comparative Economic Systems : Objectives, Decision Modes, and the Process of Choice - David W. Conklin

Comparative Economic Systems

Objectives, Decision Modes, and the Process of Choice


Published: 26th July 1991
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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 Conklin 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--while themselves desirable--frequently involve trade-offs; the more complete attainment of any one objective may involve the partial sacrifice 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 the necessary decisions between the available objectives and decision modes.

Introductory overview
Efficiency and growth
Liberty and equality
Decision Modes
Free enterprise
Price controls
Non-price regulations
Public enterprises
Choosing Objectives and Decision Modes
Reform and revolution
Constraints imposed by the new world economy
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521344395
ISBN-10: 0521344395
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 428
Published: 26th July 1991
Country of Publication: GB
Dimensions (cm): 23.37 x 16.0  x 2.54
Weight (kg): 0.68