Towards a Well-Functioning Economy
Louis Haddad · 2002
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About the book
"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 political and ethical, 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."--BOOK JACKET.
Book details
- Year
- 2002
- Language
- English
- Publisher
- Edward Elgar Publishing
- Editions
- 2
- Pages
- 256
- ISBN
- 9781858988924
Data source: Wikidata