Optimal Decisions in Markets and Planned Economies

Much research into the economics of socialist planned economies has emphasized macroeconomic issues central to setting and meeting macroeconomic goals, and research on the theory of the firm in capitalist economies is not generally relevant to socialist economies. In this volume, leading economists from both East and West fill the gap in the literature by examining in critical detail many different aspects of the microeconomics of the firm in socialist economies.

List of contents

Comparative economic systems; optimization in planning; optimization in markets; collective choice and power sharing; demand, expectations and disequilibrium; strategies and general equilibrium.

About the author

Richard E. Quandt (Professor of Economics, Professor of Economics, Princeton University)

Summary

In this volume, leading economists from both East and West fill the gap in the literature by examining in critical detail many different aspects of the microeconomics of the firm in socialist economies.

Product details

• Authors: Richard Quandt, Richard Triska Quandt, Dusan Triska, Triska Dusan
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 28.04.2020
• EAN: 9780367281977
• ISBN: 978-0-367-28197-7
• No. of pages: 348
• Subjects: Social sciences, law, business > Political science > Political science and political education; POLITICAL SCIENCE / General, Politics & government, Politics and government