An Introduction to the Market System

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Format: Hardcover
Pub. Date: 1999-12-31
Publisher(s): Routledge
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Summary

This non-technical introduction to economics is designed specifically to help non-professionals understand the economic setting in which they will play out their lives. It emphasizes the operation of the economy as a system, so that contemporary problems are examined in the broader context of the system that gives rise to them -- increasingly a market-oriented system for many nations.

Author Biography

Kalman Goldberg received his doctorate in economics from Cornell University. He has taught economics at Bradley University for forty-seven years, chaired the department for thirteen years, and achieved the rank of Distinguished Professor of Economics. He was the 1986 Illinois Professor of the Year and one of ten national finalists for the Case/Carnegie Endowment award. He served for five years as a member of the Economic Education Committee of the American Economic Association. He served as president of the Midwest Economics Association in 1970-1971. Goldberg has been actively engaged as director of several USIA projects in Russia (1992-).

Table of Contents

About Economics
Economists' Methods
1(14)
Why Are There Economic Systems?
15(28)
Microeconomics: The Market System: How It Works
The Emergence of the Market System
43(18)
The Market System's Institutions
61(22)
The Perfectly Competitive Market System: What to Produce
83(44)
Perfectly Competitive Market System: How and For Whom to Produce
127(24)
The Market System in the United States
Other Market Structures: Imperfect Competition
151(36)
Our Labor Markets
187(32)
For Whom Are We Producing?
219(28)
The Role of Government in the Market System
247(42)
The Market System in the Global Economy
World Markets: International Trade
289(24)
Economic Development in the Developing and Transitional Economies
313(32)
Macroeconomics: The Problems of Instability and Economic Growth
Measuring the Nation's Income and Gross Domestic Product
345(20)
Recessions, Inflation, and Economic Growth
365(44)
Stabilizing the Market Economy: Fiscal Policy
409(28)
Stabilizing the Market Economy: Monetary Policy
437

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