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This second edition of the text offers an approach to understanding different economic systems that reflects both recent transformations in the world economy and recent changes in the field of Comparative Economic Systems.
Besides providing a complete theoretical and historical overview, the text focuses on fifteen country studies, organized by economic systems - Advanced Market Capitalism of USA, Japan, France, Sweden and Germany; Transition in former socialist economies of Russia, Poland, Hungry, Yugoslavia and China.
The book also discusses "alternative paths" taken by the developing economies of Iran, India (its complex mix of socialism, capitalism, and tradition is examined in a chapter new to this edition), Mexico, and South and North Korea. It also casts a look at future trends that will continue to transform the world economy.
"With the collapse of communism, economics has struggled to redefine itself and find a new direction. In this book the Rossers push for an economics that is exceedingly relevant for understanding the ongoing changes in the global economy. They weave together theory and history to explain socialism`s origins, inner workings, collapse, and transformation, as well as alternative paths in Western Europe and Asia. I highly recommend this book for undergraduate and graduate courses in comparative economic systems and political economy."
-PETER J. BOETTKE, Deputy Director, James M. Buchanan Center for Political Economy, George Mason University .ISBN 9788120328860
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Pages : 656
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