The Distorted Economy
Publisher: Palgrave Macmillan
Published: January 18, 2003
Language: eng
Format: Hardcover
Number of pages: 272
ISBN-13: 9780333802083
Subjects: Economic theory & philosophy; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - Theory; Business & Economics / Economic Conditions; Developing countries; Economic Conditions; Economic development; Welfare economics
Description: "An economy does not always work according to idealized textbook models. Economic systems are frequently subject to wide-ranging distortions and require remedies 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 in goods and factor markets and apply their analytic framework to several case studies, including trade policy of developing countries, apartheid in South Africa and socialist planned economies. The authors offer an important and timely analysis of the causes, effects and resolutions of distortions in the economy."--BOOK JACKET.