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Since the first edition of this book in 1975 (previously titled Comparing Economic Systems in the Twenty-First Century), this market-leading title has examined different economies in theory and practice. This edition represents a complete revision and a significant expansion of the previous (2004) edition. The authors have completely rewritten and reorganized the 21 chapters of the previous edition and included a new chapter (Chapter 12, The Europen Model). Available with InfoTrac® Student Collections http://gocengage.com/infotrac.
- This edition represents a complete revision of the previous 2004 edition.
- InfoTrac® Student Collections are specialized databases expertly drawn from the Gale Academic One library. Each InfoTrac® Student Collection enhances the student learning experience in the specific course area related to the product. These specialized databases allow access to hundreds of scholarly and popular publications - all reliable sources - including journals, encyclopedias, and academic reports. Learn more and access at: http://gocengage.com/infotrac.
- The Table of Contents has been completely reorganized and renamed.
- Chapters have new titles, and the topics and content have been completely rearranged and expanded from the previous edition. Twenty-one chapters have been expanded to twenty-two.
- Since the first edition of this book in 1975 (previously titled Comparing Economic Systems in the Twenty-First Century), this market-leading title has examined and compared different economies in theory and practice.
- Part One, Introduction: Definition and Measurement contains five chapters starting with an historical overview of economic systems, then moving on to definitions and classifications, systems and outcomes, how systems change, and the broader settings of economic systems.
- Part Two then discusses the three major Economic Systems in Theory: capitalism, planned socialism, and market socialism.
- Part Three, Economic Systems in Practice, discusses the three main models of capitalism, examines the differences in the Anglo-Saxon model as practiced in England and the United States, discusses the European model of capitalism, the Soviet command economy, and Chinese system of market socialism.
- Part Four, Systemic Change: Contemporary Global Perspectives, treats transitions within and between economic systems, transition economies, privatization and the decline of government, macroeconomics, international trade and finance, and transition and the safety net.
- Part Five, Assessing the World Economies in a New Era: Performance, provides two forward-looking chapters, one on economic growth and performance in differing economic systems and the other on prospects for the world economy through 2050.