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About this product
- DescriptionEcomic 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 ecomic 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 ecomic theory as taught in introductory ecomics courses be revised in light of the failure of market-oriented ecomics to effect a successful transition in so many former communist ecomies? Could the theory be revised and presented in a different manner? How can basic ecomic 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 ecomics or apply ecomics to the real world.
- Author(s)Daniel R. Kazmer,Michele Konrad
- PublisherTaylor & Francis Inc
- Date of Publication31/03/2004
- SubjectEconomics: Professional & General
- Place of PublicationArmonk
- Country of PublicationUnited States
- ImprintM.E. Sharpe
- Content NoteFig.tabs.
- Weight340 g
- Width152 mm
- Height229 mm
- Spine25 mm
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