The Distorted Economy

An economy does not always work according to idealized textbook models. Frequently, economic systems are subject to wide-ranging distortions and require remedy via subsidy and taxes to restore their social optimum. In The Distorted Economy, Hans C. Blomqvist and Mats Lundahl describe how to tackle the various distortions on goods and factor markets and apply their analytic framework to several case studies such as the trade policy of developing countries, apartheid in South Africa and socialist planned economies. The authors offer an important and timely analysis of the cause, effect and resolution of distortions in the economy.

Table des matières

Welfare, Government Intervention and Political Economy Some Analytical Tools The Gains from Foreign Trade: The Fundamental Theorem Trade, Distortion and Welfare Instrumental Distortions: Swedish Agricultural Policy Import Substitution in Developing Countries Urban Bias The Apartheid System in South Africa The Socialist Planned Economy: The Price System Eliminated Interest Groups and Collective Action Directly Unproductive Profit Seeking Activities The State as an Interest Group: The Economic Logic of Wielding Power The Predatory State: Haiti and the Dominican Republic From the Perfect Economy to the Predatory State: The Internal Logic of Distortions Index

A propos de l'auteur

HANS C. BLOMQVIST is Professor of Economics at the Swedish School of Economics and Business Administration in Vasa, Finland. He has published several books and a large number of articles in international journals.

MATS LUNDAHL is Lecturer at the Stockholm School of Economics.

Résumé

Blomqvist and Mats Lundahl describe how to tackle the various distortions on goods and factor markets and apply their analytic framework to several case studies such as the trade policy of developing countries, apartheid in South Africa and socialist planned economies.

Détails du produit

• Auteurs: Blomqvist, H Blomqvist, H. Blomqvist, M Lundahl, M. Lundahl
• Edition: Springer Palgrave Macmillan
• Langues: Anglais
• Format d'édition: Livre de poche
• Sortie: 01.01.2016
• EAN: 9781349421497
• ISBN: 978-1-349-42149-7
• Pages: 252
• Dimensions: 140 mm x 14 mm x 216 mm
• Poids: 454 g
• Illustrations: XII, 252 p.
• Catégories: Sciences sociales, droit, économie > Economie > Economie publique; Makroökonomie, B, macroeconomics, Welfare, Economic Theory, Macroeconomics and Monetary Economics, Macroeconomics/Monetary Economics//Financial Economics, Monetary Economics, Management science, Quantitative Economics, Economic Theory/Quantitative Economics/Mathematical Methods, Palgrave Economics & Finance Collection, Trade Policy