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Palgrave Macmillan

Modern Economic Systems and their Transformation

  • Book
  • © 1998

Overview

Authors:
  1. J. L. Porket
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Part of the book series: St Antony's Series (STANTS)

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Table of contents (20 chapters)

  1. Front Matter

    Pages i-xvii
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  2. Tensions

    1. Front Matter

      Pages 1-2
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    2. An Historical Overview

      • J. L. Porket
      Pages 3-13

    3. Types of Modern Economic System

      • J. L. Porket
      Pages 14-28

    4. Environment of Modern Economic Systems

      • J. L. Porket
      Pages 29-39

  3. Systems

    1. Front Matter

      Pages 41-42
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    2. Market Capitalism

      • J. L. Porket
      Pages 43-55

    3. Command Capitalism

      • J. L. Porket
      Pages 56-65

    4. Market Socialism

      • J. L. Porket
      Pages 66-76

    5. Command Socialism

      • J. L. Porket
      Pages 77-89

  4. Governments

    1. Front Matter

      Pages 91-92
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    2. The Government Economy

      • J. L. Porket
      Pages 93-106

    3. The Welfare State

      • J. L. Porket
      Pages 107-120

    4. Welfare Under Command Socialism

      • J. L. Porket
      Pages 121-136

  5. Transformation

    1. Front Matter

      Pages 137-138
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    2. Economic Transformation

      • J. L. Porket
      Pages 139-149

    3. Post-Communist Transformation

      • J. L. Porket
      Pages 150-160

    4. Models for Transformation

      • J. L. Porket
      Pages 161-173

    5. Components and Dynamics of Economic Transformation

      • J. L. Porket
      Pages 174-183

    6. Economic Transformation in Practice

      • J. L. Porket
      Pages 184-195
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Keywords

About this book

Societies, whether traditional or modern, experience tension between spontaneity (individual freedom) and control (regulation). Consequently, economies as a subsystem of society experience it too. More specifically, they experience a tension between economic individualism and economic collectivism, which in modern economies revolves around the role of the state in the economy. Since the collapse of communism, this tension has manifested itself not as a tension between market capitalism and command socialism but as a tension between the free market and the interventionist variants of market capitalism. Although currently economic and political liberalization is in evidence worldwide, not only in post-communist societies, its outcome remains uncertain. Liberal democracy in the sense of democratic politics and free-market economics has not triumphed hitherto, and also its future is far from assured. The end of history is not in sight.

About the author

J.L. PORKET is a Senior Associate at St Antony's College, Oxford. He specialises in economics and economic sociology. He is Czech by origin, and left Czechoslovakia in 1969. He was formerly a research fellow at the Prague School of Economics. He has published in both Czech and English on communist systems in Europe and the Soviet Union and post-communist transformations. He has also lectured at Brunel University.

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