Understanding the Market Economy

1. Introduction Part I: The Economic Problem 2. Production and distribution 3. Supply and demand 4. Economic adjustment 5. The interplay of aggregate supply and demand in a market economy 6. The workings of a planned economy Part II: The Workings of a Market Economy 7. Prerequisites for a market economy 8. Challenges posed by the market 9. Dilemmas and problems in a market economy 10. Why the market nevertheless is useful Part III: Public Finance? Money, Capital, Labour, and International Trade 11. The political economy of public finance 12. The role of money 13. A closer look at the capital market 14. The labour market in a competitive economy 15. International trade Part IV: Privatization, Accounting, and Challenges for the Future 16. Privatization in Central and Eastern Europe 17. Elements of accounting 18. From plan to market - the challenges IndexIsachsen, Arne J. is the author of 'Understanding the Market Economy', published 1993 under ISBN 9780198773566 and ISBN 0198773560.