Secure CheckoutPersonal information is secured with SSL technology.
Free ShippingFree global shipping
No minimum order.
A Theory of Economic Systems is a systematic inquiry into the nature of historical economic systems, their relationships to each other, their peripheral areas, and the ways in which they and their components have evolved over time. Topics covered include modes of production; coordination of resource use; functions of the state in the economy; and the institutions of money and property.
Comprised of nine chapters, this book begins with a brief introduction to the frame of reference; basic definitions of the terms used in economic systems; methodological issues; and the bounds of the inquiry. The next chapters are devoted to modes of production or forms of productive organization. Ten distinct modes of production are identified, with different modes sometimes dominant in different fields of economic activity (agriculture, industry, wholesale trade, urban services, etc.). The way the use of economic resources is coordinated both within and between modes is considered, with particular reference to markets, rationing, and central planning. Subsequent chapters focus on the role of the state and the public economy in economic systems; money and property; the ways in which separate economic systems may be drawn into meaningful multinational gestalts or orders; and problems of system classification. The book concludes by listing eight broad family types of systems into which most, if not all, historically experienced systems may fit.
This monograph should appeal to social scientists in varied fields of specialization such as geography, sociology, economic history, political science, and economics.
A Note on Background
A Note on References
The Scope of the Economic
Role of the Noneconomic and Understanding
Primitive and Archaic Systems Excluded
Functions of an Economic System
2. The Mode of Production: Early Forms
Defining the Mode of Production
Village Community Mode
Simple Commodity Producer Mode
3. Modes of Production: Capitalist and Corporate
Ordering Principle: Competition
Industrial Capitalism: Six Behavioral Laws
The Quasi-Public Corporation Mode: Structure
Character of the Corporate Mode
4. The Mode of Production: Conclusion
The Cooperative Mode
Essential Principles of Cooperation
Retail Marketing Co-Ops
Staffing of the Public Mode
Technology of the Public Mode
Public Mode: Utilities
Economic Systems as Multimodal
5. Coordination of Resource Use within and Between Modes
Socialist Economic Planning
6. Functions of the State in the Economy
Regulation of Foreign Trade
Regulation of Domestic Production
Regulated Wages and Working Conditions
Price Control and Rationing
Other Regulatory Functions
Essential Public Works
Theory of Public Works
Income and Wealth Distribution
7. The Institution of Money
Concept of the Institution
Commodity Money and Coinage
The Commercial Bank and Its Deposit or Note Money
Central Banks and the Gold Standard
U.S. External Deficit: The Undoing of the Gold Standard
Demonetization of Gold
Relations of Central Banks to Each Other
8. Institution of Property
Assets, Tangible and Intangible
Control and Beneficial Use
Inheritance, Partible or Concentrated
Protection of Interests
Ordering of Interests
Significance of Property for Economic Systems
9. The Economic System as a Whole
Summary View of an Economic System
How Economic Systems Evolve or Change Over Time
How Economic Systems Are Related to Each Other
Each System Unique
- No. of pages:
- © Academic Press 1984
- 27th September 1984
- Academic Press
- eBook ISBN:
University of Michigan, U.S.A.
University of Toronto, Canada
Elsevier.com visitor survey
We are always looking for ways to improve customer experience on Elsevier.com.
We would like to ask you for a moment of your time to fill in a short questionnaire, at the end of your visit.
If you decide to participate, a new browser tab will open so you can complete the survey after you have completed your visit to this website.
Thanks in advance for your time.