MTU Cork Library Catalogue

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Understanding the market economy / Arne Jon Isachsen ... [et al.]

By: Isachsen, Arne Jon.
Contributor(s): Hamilton, Carl | Gylfason, Thorvaldur, 1951-.
Material type: materialTypeLabelBookPublisher: Oxford ; New York : Oxford University Press, 1992Description: xvi, 243 p. : ill. ; 22 cm. + pbk.ISBN: 0198773579 ; 0198773560 .Subject(s): Economics | Comparative economics | CapitalismDDC classification: 330.122
Contents:
Introduction -- Part I: The economic problem -- Production and distribution -- Supply and demand -- Economic adjustment -- The interplay of aggregate supply and demand -- The workings of a planned economy -- Part II: The workings of a market economy -- Prerequisites for a market economy -- Challenges posed by the market -- Dilemmas and problems in a market economy -- Why the market nevertheless is useful -- Part III: Public finance, money, capital, labour and international trade -- The political economy of public finance -- The role of money -- A closer look at the capital market -- The labour market in a competitive economy -- International trade -- Part IV: Privatization, accounting and challenges for the future -- Privatization in central and eastern Europe -- Elements of accounting -- From plan to market: the challenges.
Holdings
Item type Current library Call number Copy number Status Date due Barcode Item holds
General Lending MTU Bishopstown Library Store Item 330.122 (Browse shelf(Opens below)) 1 Available 00094741
General Lending MTU Bishopstown Library Lending 330.122 (Browse shelf(Opens below)) 1 Available 00094742
General Lending MTU Bishopstown Library Lending 330.122 (Browse shelf(Opens below)) 1 Available 00028206
Total holds: 0

Enhanced descriptions from Syndetics:

This book offers a rigorous and comprehensive analysis of the workings of a planned economy versus that of a market economy. The authors expound the principles of market economics in the context of the main problems facing economies in transition from a centrally planned to a market structure: privatization, the role of money, environmental policy, and international trade. Examples and real-life experiences, rather than formal equations, are employed to bring home vital points, making the book accessible to the reader without formal training in economics. Though the focus is on Central and Eastern Europe, the discussion is also relevant to the privatization process in market economies and serves as a useful introduction to general economic principles.

Includes bibliographical references (pages 235-237) and index.

Introduction -- Part I: The economic problem -- Production and distribution -- Supply and demand -- Economic adjustment -- The interplay of aggregate supply and demand -- The workings of a planned economy -- Part II: The workings of a market economy -- Prerequisites for a market economy -- Challenges posed by the market -- Dilemmas and problems in a market economy -- Why the market nevertheless is useful -- Part III: Public finance, money, capital, labour and international trade -- The political economy of public finance -- The role of money -- A closer look at the capital market -- The labour market in a competitive economy -- International trade -- Part IV: Privatization, accounting and challenges for the future -- Privatization in central and eastern Europe -- Elements of accounting -- From plan to market: the challenges.

Table of contents provided by Syndetics

  • 1 Introduction
  • Part I The Economic Problem
  • 2 Production and distribution
  • 3 Supply and demand
  • 4 Economic adjustment
  • 5 The interplay of aggregate supply and demand in a market economy
  • 6 The workings of a planned economy
  • Part II The Workings of a Market Economy
  • 7 Prerequisites for a market economy
  • 8 Challenges posed by the market
  • 9 Dilemmas and problems in a market economy
  • 10 Why the market nevertheless is useful
  • Part III Public Finance? Money, Capital, Labour, and International Trade
  • 11 The political economy of public finance
  • 12 The role of money
  • 13 A closer look at the capital market
  • 14 The labour market in a competitive economy
  • 15 International trade
  • Part IV Privatization, Accounting, and Challenges for the Future
  • 16 Privatization in Central and Eastern Europe
  • 17 Elements of accounting
  • 18 From plan to market - the challenges
  • Index

Reviews provided by Syndetics

CHOICE Review

Essentially a principles of economics book intended for readership in former centrally planned economies. The volume covers a wide variety of topics from basic economic problems to the main issues acute in the period of transition from a command to a market economy (liberalization, privatization, stabilization, new accounting procedures.) Although well organized, the book is not easy to follow. There is a definite trade-off of pedagogic rigor for an easy-to-follow and highly descriptive style. It is not hard to detect an air of ideological bias in this book. However, despite some methodological controversies the book can be used as supplemental reading in introductory economics courses. The general audience not previously exposed to economics may find this book particularly interesting. Index and references. General readers; lower-division undergraduates. Z. Suster; University of New Haven

Author notes provided by Syndetics

Arne JonIsachsenProfessor in International EconomicsNorwegian School of Management.

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