Theoretical Economic Systems: A Comparative Analysis

Theoretical Economic Systems: A Comparative Analysis

Theoretical Economic Systems: A Comparative Analysis

Theoretical Economic Systems: A Comparative Analysis

Excerpt

This book aspires to establish more of a balance between theory and description in the study of comparative economic systems. It presents, compares, and evaluates the leading theories advanced to explain the operation of the major types of economic systems, and offers tentative conclusions on the direction in which modern economies seem to be headed.

The book has a dual purpose. First, it is designed as a text for college and university courses on the assumption that there is an increasing need for an analysis of the theories underlying the operation and function of contemporary national economic systems. Second, the book attempts to provide the economist with a summary of the various concepts of economic systems which are nowhere compiled or evaluated in a single volume--or even easily discoverable from a search of the literature. It is hoped that the analysis and evaluation within these pages will prove useful to the large number of economists who devote their minds and energies to specific areas of economic theory and practice, and who are not primarily concerned with the over-all theories of economic systems.

The present volume attempts to isolate and analyze the pure theoretical types of economic systems. This is felt to be a reasonable and useful objective since it is on a foundation of theory that modern industrial economic systems are built. Purposely the book does not attempt to describe the economic institutions or experience of the United States, the United Kingdom, the Soviet Union, or other nations. Descriptive information, as such, is not stressed, although frequently reference is made to the facts to illustrate, to verify . . .

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