Advertisement

Environment of Modern Economic Systems

  • J. L. Porket
Part of the St Antony’s Series book series

Abstract

Every economy, whether traditional or modern, makes decisions about what to produce as well as about how, where, when, by whom, and for whom to produce it, and engages in the production of goods and services and in the distribution of output among households. However, these decisions and the ensuing activities do not take place in a vacuum. They take place in an environment which affects them and which, in turn, is affected by them. This implies that modern economic systems function in an environment with which they interact.

Keywords

Economic System Political System Political Power Liberal Democracy Pressure Group 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes

  1. 1.
    David Easton, A Framework for Political Analysis, Englewood Cliffs, N.J., Prentice-Hall, Inc., 1965, Chapter 5.Google Scholar
  2. 2.
    Karl W. Deutsch, Politics and Government, Boston, Houghton Mifflin Company, 1970, p. 198.Google Scholar
  3. 3.
    On the distinction between the processes of change within the system and those of the system see Talcott Parsons, The Social System, The Free Press of Glencoe, 1964 (fifth printing), Chapter XI.Google Scholar
  4. 5.
    Variants of democracy are discussed by David Held, Models of Democracy, Cambridge, Polity Press, 1989 (reprinted).Google Scholar
  5. 6.
    A similar view was held by Joseph A. Schumpeter, Capitalism, Socialism, and Democracy, New York, Harper & Brothers Publishers, 1947 (second edition), Chapter XXII.Google Scholar
  6. 7.
    On the growth in the number of democracies between 1790 and 1990 see Francis Fukuyama, The End of History and the Last Man, London, Penguin Books, 1992, pp. 49–50.Google Scholar
  7. On the coming of democracy see R.M. Maclver, The Web of Government, New York, The Macmillan Company, 1947 (second printing), pp. 175–92.Google Scholar
  8. 8.
    See e.g. David Held (ed.), Prospects for Democracy, Cambridge, Polity Press, 1993, Chapter 3 and Chapter 6Google Scholar
  9. 9.
    See also J.L. Porket, Authority in Communist Czechoslovakia Prior to 1968, an unpublished Ph.D. thesis, London School of Economics and Political Science, 1973, Chapter 10.Google Scholar
  10. 10.
    On the relationship between modern political and economic systems see e.g. Karel Englis, An Essay on Economic Systems. A Teleological Approach, Boulder, East European Monographs, 1986, Chapter XIVGoogle Scholar
  11. Peter L. Berger, The Capitalist Revolution, Aldershot, Wildwood House, 1987, Chapters 4 and 8Google Scholar
  12. J.L. Porket, Work, Employment and Unemployment in the Soviet Union, London, Macmillan, 1989, pp. 4–6Google Scholar
  13. Gerhard Schwarz, ‘Limitations to the Interdependence of Systems’, in Kurt Dopfer and Karl-F. Raible (eds), The Evolution of Economic Systems, London, Macmillan, 1990, Chapter 3.Google Scholar
  14. 11.
    Milton Friedman, Capitalism and Freedom, Chicago, The University of Chicago Press, 1982 (reissued), p. 8.Google Scholar
  15. 12.
    The distinction between private pressure groups and public ones was discussed by Maurice Duverger, Party Politics and Pressure Groups, London, Thomas Nelson and Sons Ltd, 1972, pp. 106–7.Google Scholar
  16. 13.
    Robert A. Dahl, Polyarchy: Participation and Opposition, New Haven, Yale University Press, 1971, p. 1.Google Scholar
  17. 14.
    Cf. Graham K. Wilson, Interest Groups, Oxford, Basil Blackwell, 1990, pp. 2–4, andGoogle Scholar
  18. Joan M. Nelson, ‘Labor and Business Roles in Dual Transitions: Building Blocks or Stumbling Blocks?’ in Joan M. Nelson et al., Intricate Links: Democratization and Market Reforms in Latin America and Eastern Europe, New Brunswick, Transaction Publishers, 1994, pp. 148–51.Google Scholar
  19. 17.
    The use of linguistic subversion by the Economic Collectivists is discussed by Richard M. Ebeling, ‘Liberalism and Collectivism in the 20th Century’, Political Studies, vol. XLI, special issue (1993), pp. 66–77.CrossRefGoogle Scholar
  20. 18.
    Michael Novak, The Spirit of Democratic Capitalism, New York, Touchstone, 1983, p. 14.Google Scholar

Copyright information

© J. L. Porket 1998

Authors and Affiliations

  • J. L. Porket

There are no affiliations available

Personalised recommendations