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First published in 1948, this book outlines a solution to contemporary economic problems in the post-war years. This solution aims to make the best use of our price mechanism, free initiative and competition, but also involves the socialization of certain monopolistic concerns and the state control of the price mechanism in such a way as to maintain full employment, to achieve an equitable distribution of income and property, and to restore equilibrium to our balance of payments. It is an outline of that middle way which the author calls the Liberal-Socialist solution.
First published in 1964, this is a study of the extreme inequalities in the ownership of property, in economies across the globe. Professor Meade examines in depth the economic, demographic and social factors which lead to such inequalities. He considers a wide range of remedial policies – educational development, reformed death duties and capital taxes, demographic policies, trade union action, the socialization of property, the development of a property-owning democracy, the expansion of the welfare state. The argument is expressed in precise analytical terms, but the main exposition is free of mathematics and technical jargon and is designed for the interested layman as well as the economist.
Originally published in 1987 to commemorate the 40th anniversary of the Marshall Plan, this fascinating collection of essays, from an eminent ‘insider’ to the Marshall Plan, combines economics, politics and history to provide authoritative and personal insights into the creation of one of the greatest foreign aid programmes of the twentieth century. Any reader interested in the Marshall Plan itself, the inner workings of a major act of US foreign policy, and its many economic, political and historical facets will welcome the reissue of this valuable book from one of America’s most distinguished economists.
First published in 1975, this guide to economic policy outlines an economic philosophy for reform for the ‘intelligent radical’ who seeks to address the issues of liberty and equality within society. Among other issues, the book looks at policies to control inflation, to maintain full employment, to set prices and wages, to distribute income and property, and to manage the environment and international trade. Professor Meade expounds in simple language a set of closely interrelated policies designed to enable us to achieve what he describes as ‘ the decent, free, prosperous society which modern science has undoubtedly brought within our grasp.
First published in 1960, this seminal work illuminates the interrelations of the various approaches to the theory of economic growth. Professor Meade seeks to understand the factors which determine the speed of economic growth and outlines the ways in which classical economic analysis may be developed for application to the problem of economic growth.
Planning is particularly important in Eastern Europe since most spatial change and economic planning are the products of centralised decision-making, which in turn is the product of a systematic socio-political ideology. Planning is therefore an important key to understanding society, economy and spatial change in Eastern Europe. This book, which was first published in 1987, provides a comprehensive overview of planning in Eastern Europe. Each chapter discusses the nature of planning in the country in question and the changes which have taken place since 1945, and examines regional, economic, land-use, environmental protection and urban design policies and their achievements in the post- 1945 period. Introductory chapters discuss the physical, economic and political background of the area and a conclusion considers overall successes and failures and discusses likely future developments. This book is ideal for students of geography.
First published in 1980, Economic Behaviour: An Introduction has been written specifically to speed up the settling-in process of students new to the subject of economics. It starts at the shallow end with the family budget and proceeds via an examination of business decision-taking to the analysis of supply and demand in goods and factor markets. The second half of the book deals with the major macroeconomic aggregates, national income, employment and the price level – giving both Keynesian and Monetarist approaches a fair hearing. The book ends with two chapters on economic policy and concludes with a chapter on methods of building and testing economic models – a subject which is both interesting and useful by the time students have grasped the essence of economic analysis. Throughout, the author makes economics relevant and at the same time presents basic theoretical techniques of analysis and controversies in a manner which makes translation to one of the major standard theory texts as smooth as possible.
First published in 1971 this volume applies the tools of static and of dynamic analysis (outlined in The Stationary Economy and The Growing Economy) to the control of a dynamic economy. This involves a discussion of subjects such as the theory of indicative planning, and the planning by the government of its monetary, fiscal, and incomes policies for the purposes of the short-run stabilization of the economy and of ensuring the best long-run use of the community’s resources. Special emphasis is laid on the planning of such policies in conditions in which many future events remain inevitably uncertain. This book considers these issues in relation to a competitive, free-enterprise economy; and little or no reference is made to problems of monopoly or of distinctions between social and private costs and benefits, due to indivisibilities and externalities in economic life.
First published in 1973, Efficiency Criteria for Nationalised Industries asks by what criteria we should judge the efficiency of nationalised industries, what we mean by saying they should be run commercially and where the public interest should lie. In this work, Professor Nove believes we answer these questions incorrectly due to a lack of understanding of economic theory and a desire to relate real world economics to that of the text book. The author says many economists, in a world of indivisibilities, complementarities and systems, persist in thinking in terms of one-dimensional, fragmented marginalism. Professor Nove, who is known for his writings on the Soviet economy, raises many points relevant to the East as well as the West. His work contributes to the economics of socialism, while also making the case for greater realism in economic theory in general.