{"product_id":"towards-a-well-functioning-economy-the-evolution-of-economic-systems-and-decision-making-by-louis-haddad","title":"Towards a Well-functioning Economy: The Evolution of Economic Systems and Decision-making by Louis Haddad","description":"\u003cp\u003eThis book examines the economy as an evolving entity and develops a new and coherent approach to the classification of economic systems. It demonstrates how the components of a decision-making system and the properties of a functioning economy are intrinsically linked. A well-functioning economy is shown to depend chiefly on 'correct' decisions. These in turn depend on an efficient decision-making system, an appropriate mix of markets, organizations and governments, and an optimal combination of the four enforcing mechanisms of a modern economic system: custom, command, competition and cooperation.\u003c\/p\u003e\u003cp\u003eAlthough this book is primarily about economics, non-economic considerations, including politics and ethics, are brought into the analysis. The most important decisions in life include choices between economic and non-economic issues. Hence, one of the aims of this book is to provide a conceptual framework to cope with these choices. The book also attempts to establish some plausible conditions for well-functioning economy and a 'just society'.\u003c\/p\u003e\u003cp\u003eThis thoughtful book will be of interest to economists of economic theory and economic systems as well as policymakers in both the private and public sectors.\u003c\/p\u003e","brand":"Book Express","offers":[{"title":"Default Title","offer_id":43440978657354,"sku":"6447aa","price":11.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0618\/9101\/8826\/files\/6447aa.jpg?v=1774402404","url":"https:\/\/www.bookexpress.nz\/products\/towards-a-well-functioning-economy-the-evolution-of-economic-systems-and-decision-making-by-louis-haddad","provider":"Book Express","version":"1.0","type":"link"}