Towards a Well-functioning Economy - The Evolution of Economic Systems and Decision-making (Hardcover)

This book examines the economy as an evolving entity and develops a new and coherent approach to the classification of economic systems. It demonstrates how the components of a decision-making system and the properties of a functioning economy are intrinsically linked. A well-functioning economy is shown to depend chiefly on 'correct' decisions. These in turn depend on an efficient decision-making system, an appropriate mix of markets, organizations and governments, and an optimal combination of the four enforcing mechanisms of a modern economic system: custom, command, competition and cooperation. Although this book is primarily about economics, non-economic considerations, including politics and ethics, are brought into the analysis. The most important decisions in life include choices between economic and non-economic issues. Hence, one of the aims of this book is to provide a conceptual framework to cope with these choices. The book also attempts to establish some plausible conditions for well-functioning economy and a 'just society'. This thoughtful book will be of interest to economists of economic theory and economic systems as well as policymakers in both the private and public sectors.

General

Imprint:	Edward Elgar Publishing Ltd
Country of origin:	United Kingdom
Release date:	April 2002
Authors:	Louis Haddad
Dimensions:	234 x 156mm (L x W)
Format:	Hardcover
Pages:	304
ISBN-13:	978-1-85898-892-4
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Development economics
LSN:	1-85898-892-6
Barcode:	9781858988924

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