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The Crisis of Communism at the end of the 1980's was hailed as a triumph for Western capitalism, but initial euphoria soon turned to pessimism as the West failed to react adequately to the momentous changes that were taking place in the "new world order." While the demise of established Cold War structures threatened to unleash worldwide pandemonium, the passing of socialism seemed to leave money-making and ethnic violence as the only competitors...
6) Government failure versus market failure: microeconomics policy research and government performance
Author
Description
"When should government intervene in market activity? When is it best to let market forces simply take their natural course? How does existing empirical evidence about government performance inform those decisions? Brookings economist Clifford Winston uses these questions to frame a frank empirical assessment of government economic intervention in Government Failure versus Market Failure: Microeconomics Policy Research and Government Performance."--Jacket....
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"In the last fifteen years, Japan's economy has gone from being a model of success to being an object lesson in failure. Here, William W. Grimes offers a detailed, insider's view of the key macroeconomic policies and events in contemporary Japan." "Based on scores of interviews with Japanese policy makers, this is the first political explanation of why these catastrophic policies were carried out by the Ministry of Finance, the Bank of Japan, and...
Author
Description
"This book provides an insider's perspective on the bureaucratic structure of governmental institutions that shape economic policy and on the incentives and limitations of the individuals who head those institutions. The book is a work of contemporary history, written as events unfold. We do not know how today's events will end, but without a doubt they pose the greatest challenge since the Second World War to those who are responsible for the world's...
Author
Description
Wells examines the development of economic policy, economic structure, and ideas about both, explaining the complex interaction of these factors over the past half-century. Capitalism private, profit-seeking enterprises provided a stable framework, says Wells (history, Auburn U.), within which the US economy changed radically over the last half of the 20th century. He describes the changes decade by decade. Wells examines the development of economic...
Description
This book analyzes the Asian financial crisis of 1997-1999. In addition to the issues of financial system restructuring, export-led recovery, crony capitalism, and competitiveness in Asian manufacturing, it examines six key Asian economies--China, Indonesia, Japan, Korea, Malaysia, and Thailand. The book makes clear that there is little particularly Asian about the Asian financial crisis. The generic character of the crisis became clear during 1998,...
Author
Description
Jeffrey Kopstein offers the first comprehensive study of East German economic policy over the course of the state's forty-year history. Analyzing both the making of economic policy at the national level and the implementation of specific policies on the shop floor, he provides new and essential background to the revolution of 1989. In particular, he shows how decisions made at critical junctures in East Germany's history led to a pattern of economic...
Author
Description
Though Richard Nixon came to office preoccupied with foreign policy, he soon had to grapple with an economy that threatened him with political defeat. Following the advice of Milton Friedman, the president placed his initial hopes for good times in the economics of caution. But when the economy dipped into recession and cost the Republicans victory in the congressional election of 1970, Nixon turned for rescue not to his economists but to a politician,...
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