Comparative Economics in a Transforming World Economy, 2nd Edition, vol 1

J. Barkley Rosser and Marina V. Rosser ()
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Marina V. Rosser: James Madison University

in MIT Press Books from The MIT Press

Abstract: This second edition of an innovative undergraduate text offers an approach to understanding different economic systems that reflects both recent transformations in the world economy and recent changes in the field of Comparative Economic Systems. The traditional way of teaching comparative economics, with its reliance on relatively simple dichotomies (private vs. state, planning vs. market) does not take into consideration the many variants and mixtures of economic systems that exist in the real world. The Rossers' introduction in the first edition of the concept of the "new traditional economy"—the effort by a developing country to embed a modern economic system into a traditional culture, usually religious—presented a new way to look at developing economies. Their innovative examination of Iran and its effort to develop a "revolutionary Islamic economy" as an alternative to market capitalism illustrates the use of this new tool in comparative economics.

Keywords: comparative economic systems; new traditional economy (search for similar items in EconPapers)
JEL-codes: O11 P52 (search for similar items in EconPapers)
Date: 2004
Edition: 1
ISBN: 0-262-68153-6
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Citations: View citations in EconPapers (12)

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