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Merits and limits of markets
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ISBN: 3540644466 3642722121 3642722105 9783540644460 Year: 1998 Publisher: Berlin Springer

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Abstract

The 1997 Symposium of the Egon-Sohmen-Foundation, which gave rise to this book, took place in the United States, on the East Coast between New Y C)rk and New Haven, more precisely in Stamford (Conn.). The original choice had been a place close to Yale University, where Egon Sohmen taught economics from 1958 to 1960, subsequent to his period at MIT. But the hotel in New Haven was closed down by a new owner-to pass through a process of creative destruction. Change of ownership-on a large scale and as a transition from public to private hands-had been the topic of the preceding Egon­ Sohmen-Symposium (in Budapest in 1996) published under the head­ ing: Privatization at the End of the Century (Springer-Verlag, 1997). Yet mere change of ownership, some of us at the Foundation felt in subsequent months, was too narrow a focus to properly deal with the movement under consideration: a transition of ownership together with a general move towards a competitive market system charac­ terized by global openness, uncertainty, decentralized risk-bearing, and the increasing importance of information and innovation.


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The economics of imperfect markets : the effects of market imperfections on economic decision-making
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ISBN: 9786612458989 3790821306 9783790821307 3790821314 9783790821314 3790821322 1282458981 3790828084 Year: 2010 Publisher: Berlin : Springer,

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The real world is characterized by the presence of imperfections in goods, financial and labour markets. These imperfections have the potential to create links among those markets that differ in a relevant way from those outlined in the standard model. In financial markets, imperfections can alter the efficiency of the economy and thus cause unintended effects on goods and labour markets. Moreover, in the presence of market distortions, the interaction between policies and institutions becomes a critical aspect. This book, which brings together essays from distinguished scholars on this subjec

Keywords

Economic policy --- -Economic development --- -338.9 --- Development, Economic --- Economic growth --- Growth, Economic --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Electronic information resources --- -Electronic information resources --- E-books --- AA / International- internationaal --- 330.01 --- 330.02 --- 305.6 --- Theorie van het economisch evenwicht. --- Theorie van de economische kringloop. --- Risicotheorie, speltheorie. Risicokapitaal. Beslissingsmodellen. --- Markets. --- Economics. --- Public markets --- Economic theory --- Political economy --- Decision making --Congresses. --- Imperfection --Congresses. --- Markets --Congresses. --- Imperfection --- Political science. --- International economics. --- Economic policy. --- International Economics. --- Economic Policy. --- Political Science. --- Social sciences --- Economic man --- Commerce --- Fairs --- Market towns --- Administration --- Civil government --- Commonwealth, The --- Government --- Political theory --- Political thought --- Politics --- Science, Political --- State, The --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Decision making --- Markets --- Defectiveness --- Flawedness --- Perfection --- Risicotheorie, speltheorie. Risicokapitaal. Beslissingsmodellen --- Theorie van het economisch evenwicht --- Theorie van de economische kringloop

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