ENGLISH

The Distorted Economy

By Mats Lundahl , Hans C. Blomqvist

Book information

Publisher
Palgrave
Year
2002
ISBN
033380208X, 9780333802083, 9781403914347
Open Library ID
OL10557626M
Language
english
Format
PDF
Filesize
969 kB (992579 bytes)
Pages
265\265
Topic
Economy
Scanned
yes
Time added
2010-05-31 00:48:14

Description

An economy does not always work according to idealized textbook models. Frequently, economic systems are subject to wide-ranging distortions and require remedy 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 on goods and factor markets and apply their analytic framework to several case studies such as the trade policy of developing countries, apartheid in South Africa and socialist planned economies. The authors offer an important and timely analysis of the cause, effect and resolution of distortions in the economy.

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