Much research into the economics of socialist planned economies has emphasized macroeconomic issues central to setting and meeting macroeconomic goals, and research on the theory of the firm in capitalist economies is not generally relevant to socialist economies. In this volume, leading economists from both East and West fill the gap in the literature by examining in critical detail many different aspects of the microeconomics of the firm in socialist economies.
Table of Contents
Comparative economic systems; optimization in planning; optimization in markets; collective choice and power sharing; demand, expectations and disequilibrium; strategies and general equilibrium.
Richard E. Quandt (Professor of Economics, Professor of Economics, Princeton University)