Introduction to the World Economy
By: A. J. Brown (author)Paperback
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Well constructed and thoroughly competent" - The Economist "It is refreshingly differentThe new-comer to economics who studies this book should find it an interesting and invigorating task" - Economic Journal This book introduces readers to some of the salient features and problems of the world economy and gives some indication of the main ways in which economists set about the task of analyzing them. After a general account of what economies are and how they work, the book's discussion develops with reference to broad statistical facts in relation to the following issues: why the world economy is as we find it; why productivity varies from one community to another; how prices are formed; how national economies have grown; what determines an economy's occupational structure; how local specialization comes about; how the pattern of international trade has grown and changed and what the main sources of insecurity in economic life are.
1. ECONOMIES AND THEIR OUTCOMES What an economy is 2. THE ESSENTIALS OF AN ECONOMY The vital processes, production, consumption, and investment 3. THE FLOWS OF MONEY The circular flow 4. HIGH AND LOW PRODUCTIVITY Farm incomes and decreasing returns 5. WHAT DETERMINES PRICES? The free markets 6. GOOD & POOR LIVINGS Productivity, prices, and incomes 7. HOW ECONOMIES GROW The products of the great Powers 8. THE BALANCE OF OCCUPATIONS Farm population and productivity 9. THE ROOTS OF SPECIALIZATION Degrees of self-sufficiency 10. THE PATTERN OF INTERNATIONAL TRADE The growth of trade 11. THE HAZARDS OF ECONOMIC LIFE Natural causes 12. THE ORGANIZATION OF THE WORLD ECONOMY The end of laissez-faire
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- ID: 9780415607360
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