Author | : Samuel Bowles |
Publisher | : Cambridge University Press |
Total Pages | : 372 |
Release | : 1993-07-22 |
Genre | : Business & Economics |
ISBN | : 9780521432238 |
This book asks whether a modern, efficient economy can be rendered democratically accountable, and, if so, what strategic changes might be required to regulate the market- based interaction of economic agents. The contributors bring contemporary microeconomic theory to bear in an attempt to find a progressive replacement to traditional state socialism. Various approaches to the study of economic interaction are considered in an attempt to understand the relationship between power and efficiency in market economies.