• Summary
  • Contents
  • Subject index

Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance.Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource.Key FeaturesProvides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the fieldIncludes introductions to relevant theory as well as empirical evidence, useful for readers interested in learning about economic analysis of an issue as well for students embarking on research projectsFeatures chapters focused on cutting-edge topics with appeal for economists seeking to learn about extensions of analysis into new areas as well as new approaches Presents models in graphical format and summarizes empirical evidence in ways that do not require much background in statistics or econometrics, so as to maximize accessibility to students.

Comparative Economic Systems
Comparative economic systems

Comparative economic systems, as a distinct subdiscipline of economics, began in the United States during the 1930s with the publication of textbooks such as William N. Loucks and J. Weldon Hoot's (1938) Comparative Economic Systems. However, as Maurice Dobb (1949) would note in his critical review of Loucks's text on the subject, comparative economic systems was already a thriving field of study in Europe, especially Britain. Benjamin Ward (1980) argues that comparative economic systems emerged as a field of study initially because of the utopian novels of the later nineteenth century and practicing communes whose existence both influenced the novels and was influenced by them. Novels such as Edward Bellamy's (1888) Looking Backward helped to spur political mass movements and ...

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