Cover image for Economics and Economic Systems.
Economics and Economic Systems.
Title:
Economics and Economic Systems.
Author:
Publishing, Britannica Educational.
ISBN:
9781615308965
Edition:
1st ed.
Physical Description:
1 online resource (144 pages)
Series:
Economics: Taking the Mystery Out of Money
Contents:
Cover -- Half Title -- Title -- Copyright -- Contents -- Introduction -- Chapter 1: Nature and Scope of Economics -- Market -- Chapter 2: History of Economics -- The Unintended Effects of Markets -- Construction of a System -- Marxism -- The Marginalists -- The Critics -- Keynesian Economics -- Developments After World War II -- Radical Critiques -- Econometrics -- Chapter 3: Methods of Economics -- Methods of Inference -- Testing Theories -- Microeconomics -- Theory of Choice -- Theory of Allocation -- Macroeconomics -- Neoclassical Economics -- Monetarism -- Chapter 4: Fields of Economics -- Money -- Growth and Development -- Public Finance -- International Economics -- Labour -- Industrial Organization -- Antitrust Law -- Agriculture -- Law and Economics -- Information Economics -- Financial Economics -- Other Fields -- Chapter 5: Premarket Economic Systems -- Prehistoric and Preliterate Economic Systems -- Centralized States -- Preconditions for Market Society -- Feudalism -- Chapter 6: The Development of Capitalism -- From Mercantilism to Commercial Capitalism -- From Commercial to Industrial Capitalism -- Factory System -- From Industrial to State Capitalism -- Chapter 7: Criticisms of Capitalism -- The Unreliability of Growth -- The Quality of Growth -- Equity -- Distribution of Wealth and Income -- Corrective Measures -- Chapter 8: Centrally Planned Systems -- Soviet Planning -- Mikhail Gorbachev -- Problems with Socialism -- Conclusion -- Glossary -- Bibliography -- Index -- Back Cover.
Abstract:
Although individuals and countries, for centuries, have exchanged goods and services for money, the formal field of economics-the study of wealth and how it is produced and distributed-is relatively young. Since Adam Smith's pioneering work in the 18th century, economics has developed a great deal, and with it, so has our understanding of market systems, such as capitalism and centrally planned systems. A detailed explanation of the scope of economics, historical development, and the strengths and weaknesses of various economic systems is provided.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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