Economics and Economic Systems
Economics: Taking the Mystery Out of Money
Although individuals and countries, for centuries, have exchanged goods and services for money, the formal field of economics--the study of wealth and how it is produced and distributed--is relatively young. Since Adam Smith's pioneering work in the 18th century, economics has developed a great deal, and with it, so has our understanding of market systems, such as capitalism and centrally planned systems. A detailed explanation of the scope of economics, historical development, and the strengths and weaknesses of various economic systems is provided.
* Reviews *
Book review: Economics and Economic Systems
"Although humans have traded goods and services since the
beginning of time, the study of economics-how wealth is produced and
distributed-is relatively recent. This overview offers a scope and history and
discusses the strengths and weaknesses of various economic systems. Diagrams,
sidebars, and back matter make this a worthy introduction."
--
Kay Weisman, School Library
Monthly
