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The Nature of Socialist Economics. Lessons from Eastern European Foreign Trade.
Peter Murrell
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Description for The Nature of Socialist Economics. Lessons from Eastern European Foreign Trade.
Hardback. Series: Princeton Legacy Library. Num Pages: 292 pages, black & white illustrations. BIC Classification: KCLT. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 254 x 178 x 18. Weight in Grams: 714.
What are the sources of the well-known differences in the performance of capitalist and socialist economic systems? Peter Murrell argues that the Schumpeterian model has far more power to answer this question than does the neoclassical theory generally used for that purpose. The neoclassical theory focuses on the absence of a price system and the inability of a centralized system to allocate resources efficiently, while the Schumpeterian model emphasizes the rigidity of institutions and policies in socialist economies and their lack of mechanisms either to create new institutions or to identify and to foster the growth of the most efficient ... Read more
What are the sources of the well-known differences in the performance of capitalist and socialist economic systems? Peter Murrell argues that the Schumpeterian model has far more power to answer this question than does the neoclassical theory generally used for that purpose. The neoclassical theory focuses on the absence of a price system and the inability of a centralized system to allocate resources efficiently, while the Schumpeterian model emphasizes the rigidity of institutions and policies in socialist economies and their lack of mechanisms either to create new institutions or to identify and to foster the growth of the most efficient ... Read more
Product Details
Format
Hardback
Publication date
2017
Publisher
Princeton University Press United States
Number of pages
292
Condition
New
Series
Princeton Legacy Library
Number of Pages
292
Place of Publication
New Jersey, United States
ISBN
9780691635170
SKU
V9780691635170
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for The Nature of Socialist Economics. Lessons from Eastern European Foreign Trade.
One of Choice's Outstanding Academic Titles for 1991