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Economic Theory and Reality

Selected Essays on Their Disparities and Reconciliation. Economists of the Twentieth Century Series

By (author) Tibor Scitovsky
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 1st Jun 1995
Dimensions: w 156mm h 234mm d 20mm
Weight: 632g
ISBN-10: 1858981395
ISBN-13: 9781858981390
Barcode No: 9781858981390
This collection of non-technical papers attempts to bridge the gap between economic theory and economic reality. It focuses on two central themes: the necessity of market imperfections and power as conditions for the proper functioning of the market economy, and the impact of second-hand markets on the macroeconomy. This volume improves access to Professor Scitovsky's work, much of which was originally published either in foreign languages or outside the mainstream literature.

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