Economic Systems and Human Welfare: A Global Survey

This text takes a contemporary comparative systems approach, moving beyond the focus of the old US vs. USSR split by providing a more global comparison of economic systems from all parts of the world. Includes coverage of basic economic principles such as scarcity, choice, and optimization throughout the book. Uses a "success criteria" based on full employment, technical efficiency, economic efficiency, economic growth, freedom, justice, and equality to comparatively evaluate each economic system discussed.