This is a critical analysis of the workings of a planned economy versus that of a market economy. The authors expound the principles of market economics in the context of the main problems facing economies in transition from a centrally planned economy to a market structure, namely privatization, the role of money, environmental policy, and international trade. Examples and real-life experiences, rather than formal equations, are employed to bring home vital points, making the book accessible to the reader without formal training in economics. Although the focus is on Central and Eastern Europe, the discussion is also relevant to the privatization process in market economies and serves as a useful introduction to general economic principles.
- ISBN10 0198773560
- ISBN13 9780198773566
- Publish Date 10 December 1992 (first published 1 December 1992)
- Publish Status Out of Print
- Out of Print 9 June 1994
- Publish Country GB
- Imprint Oxford University Press
- Format Hardcover
- Pages 259
- Language English