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Economic Lessons from the Transition: The Basic Theory Re-examined - The Basic Theory Re-examined (Hardcover) Loot Price: R3,733
Discovery Miles 37 330
Economic Lessons from the Transition: The Basic Theory Re-examined - The Basic Theory Re-examined (Hardcover): Daniel R....

Economic Lessons from the Transition: The Basic Theory Re-examined - The Basic Theory Re-examined (Hardcover)

Daniel R. Kazmer, Michele Konrad

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Loot Price R3,733 Discovery Miles 37 330 | Repayment Terms: R350 pm x 12*

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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 this failure focus on policies, the authors of this book argue that failure of economic theory to fully understand these transitions has led to bad policies that made the transitions unnecessarily painful and costly. The book suggests answers to the following questions: How should basic economic theory as taught in introductory economics courses be revised in light of the failure of market-oriented economics to effect a successful transition in so many former communist economies? Could the theory be revised and presented in a different manner? How can basic economic theory be used to help explain the past failures in understanding transition problems and to avoid future mistakes? This volume is a "must read" for all who teach economics or apply economics to the real world.

General

Imprint: Routledge
Country of origin: United Kingdom
Release date: December 2003
First published: 2004
Authors: Daniel R. Kazmer • Michele Konrad
Dimensions: 229 x 152 x 25mm (L x W x T)
Format: Hardcover
Pages: 261
ISBN-13: 978-0-7656-1298-4
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Economic systems > General
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LSN: 0-7656-1298-4
Barcode: 9780765612984

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