The Economics of the Good Society: The Variety of Economic Arrangements examines societal hopes for a better economic system - a Good Society. This book makes it possible, for the first time, to step beyond the theory of the Good Society and study the experience of societies that actually have implemented some of these novel economic arrangements.Standard treatments of comparative analysis consider either countries and their economies or systems like socialism and capitalism. The book differs from other treatments of ...
Read More
The Economics of the Good Society: The Variety of Economic Arrangements examines societal hopes for a better economic system - a Good Society. This book makes it possible, for the first time, to step beyond the theory of the Good Society and study the experience of societies that actually have implemented some of these novel economic arrangements.Standard treatments of comparative analysis consider either countries and their economies or systems like socialism and capitalism. The book differs from other treatments of comparative analysis by focusing on the way societies have applied the two fundamental methods of organizing economic life - administration and prices. In addition, the book explores four sets of arrangements that determine the quality of an economic system: How are consumer goods distributed? How are decisions made about who will hold the available jobs? How are decisions made about which goods should be produced? Who should own the productive property? The book could serve as a supplement in a variety of undergraduate, graduate and MBA courses, including Comparative Economics and Principles of Economics, because it does not require formal training in economic theory. Certain rudiments of economic theory, such as welfare economics, are presented in a manner accessible to the general reader and to those who have no formal training in economic theory.
Read Less
