1st Edition
Economic Lessons from the Transition: The Basic Theory Re-examined The Basic Theory Re-examined
261 Pages
by
Routledge
261 Pages
by
Routledge
261 Pages
by
Routledge
Also available as eBook on:
Economic Lessons from the Transition 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. The transitions were supposed to raise most peoples' standard of living; instead they dramatically worsened the lives of most people in the countries involved. While most attempts to explain... Read more
List of Tables, Boxes, Graphs; Introduction; 1. The Basic Market Mechanism; 2. Firms and the Markets They Operate In; 3. The Factors of Production; 4. The Role of Government; 5. Measuring Economic Activity: The Key to Understanding; 6. Macroeconomics; 7. Monetary Policy and Its Prerequisites; 8. Foreign Exchange Rates and Exchange Rate Crises; 9. Transition in the Context of the International Financial System; 10. The Consequences for Open-Economy Macroeconomics; 11. Benevolent and Malevolent Markets; 12. Japan: The First Demographic Transition; 13. Conclusion; Notes; Index; About the Authors
Biography
Kazmer, Daniel R.; Konrad, Michele
