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Comparative Economic Systems

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  • Conklin,David W.

Abstract

The phrase 'economic system' refers to the organizational arrangements and processes through which a society makes its production and consumption decisions. In this book, Professor Conkin explores the diversity of economic systems and the choices societies must face in determining the economic systems best suited to their needs. He discusses the alternative objectives and alternative decision modes that are available to societies. Objectives such as efficiency, growth, liberty, and equality - though themselves desirable - frequently involve trade-offs; the more complete attainment of any one objective may involve the partial sacrifices of another. In pursuit of its objectives, each society uses a combination of decision modes. Professor Conklin examines six of these: free enterprise, price controls, subsidies, taxation, non-price regulations, and public enterprise. He ends with a discussion of the processes societies use to make their choice among objectives and decision modes.

Suggested Citation

  • Conklin,David W., 1991. "Comparative Economic Systems," Cambridge Books, Cambridge University Press, number 9780521348898, January.
    • Handle: RePEc:cup:cbooks:9780521348898
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    Cited by:

    1. Li, Shuhe, 1997. "The search for determinants of catching up: Theory, the East Asian experience and the Chinese case," China Economic Review, Elsevier, vol. 8(2), pages 137-155.
    2. Marian Zalesko, 2015. "Capitalism vs. socialism – an attempt to analyse the competitiveness of economic systems," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 14(1), pages 61-79, March.
    3. Kwee Keong Choong & Patrick W. Leung, 2022. "A Critical Review of the Precursors of the Knowledge Economy and Their Contemporary Research: Implications for the Computerized New Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1573-1610, June.

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