Modern Economic Systems and their Transformation

  • Authors
  • J. L. Porket

Part of the St Antony’s Series book series

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Tensions

    1. Front Matter
      Pages 1-2
    2. J. L. Porket
      Pages 3-13
    3. J. L. Porket
      Pages 14-28
    4. J. L. Porket
      Pages 29-39
  3. Systems

    1. Front Matter
      Pages 41-42
    2. J. L. Porket
      Pages 43-55
    3. J. L. Porket
      Pages 56-65
    4. J. L. Porket
      Pages 66-76
    5. J. L. Porket
      Pages 77-89
  4. Governments

    1. Front Matter
      Pages 91-92
    2. J. L. Porket
      Pages 93-106
    3. J. L. Porket
      Pages 107-120
    4. J. L. Porket
      Pages 121-136
  5. Transformation

    1. Front Matter
      Pages 137-138
    2. J. L. Porket
      Pages 139-149
    3. J. L. Porket
      Pages 150-160
    4. J. L. Porket
      Pages 161-173
    5. J. L. Porket
      Pages 184-195

About this book

Introduction

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.

Keywords

capitalism communism dynamics economic system economic systems economics economy environment liberalization privatization regulation science and technology socialism welfare Welfare State

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-349-26696-8
  • Copyright Information Palgrave Macmillan, a division of Macmillan Publishers Limited 1998
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Palgrave Economics & Finance Collection
  • Print ISBN 978-1-349-26698-2
  • Online ISBN 978-1-349-26696-8
  • About this book