Book Details
Format
Paperback / Softback
ISBN-10
1349421499
ISBN-13
9781349421497
Edition
1st ed. 2002
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 14th, 2002
Print length
252 Pages
Product Classification:
Economic theory & philosophyEconomic theory and philosophyMacroeconomics
Ksh 16,200.00
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Blomqvist and Mats Lundahl describe how to tackle the various distortions on goods and factor markets and apply their analytic framework to several case studies such as the trade policy of developing countries, apartheid in South Africa and socialist planned economies.
An economy does not always work according to idealized textbook models. Frequently, economic systems are subject to wide-ranging distortions and require remedy via subsidy and taxes to restore their social optimum. In The Distorted Economy, Hans C. Blomqvist and Mats Lundahl describe how to tackle the various distortions on goods and factor markets and apply their analytic framework to several case studies such as the trade policy of developing countries, apartheid in South Africa and socialist planned economies. The authors offer an important and timely analysis of the cause, effect and resolution of distortions in the economy.
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