It began moving industry out from under the system of state-prescribed targets and quotas. China freed its farmers to produce and sell for profit rather than under instruction from the state. Communist systems are abandoning central planning of their economies and struggling to establish the market system in its place. Much of the world began an unexpected transformation. Market System Ascendant The massive social changes with which the twentieth century gave way to the twenty-first have written the preface to this book. Greene, as well as the support of the Yale Institution for Social and Policy Studies, especially Donald Green and Barbara Dozier. For secretarial work, I happily acknowledge the intelligent and spirited help of Pamela A. For many helpful discussions, my thanks to Robert E. Woodhouse, Ross Zucker, and the late William N. Timmins, James Tobin, Shaoguang Wang, Edward J. Dahl, Susan Friedman, Laura Gilbert, Ronald L. They are: Susan Rose-Ackerman, Michael Barzelay, Hans Blokland, David K. To all contributors, my thanks both for their efforts and for what I learned from them. In acknowledging their contributions, I would like to single out several of them for their unusual and/or continuing help but cannot do so without falling into invidious distinctions wherever I might draw a line between the short and the long list. I am grateful to them all-from those who read a chapter or two to those who consented to read the entire manuscript with sustained care. An Alternative to the Market System? 265 Notes 279 Index 291Īcknowledgments To explain and analyze the market system in such a way as to interest and satisfy a wide audience, I asked a number of people, young and old, well read and not, patient and less so, pro market and anti, to read the manuscript and give me their advice. The paper in this book meets the guidelines for permanence and durability of the Committee on Production Guidelines for Book Longevity of the Council on Library Resources. HB501.L512 2001 330.12'-dc21Ī catalogue record for this book is available from the British Library. (Yale ISPS series) Includes bibliographical references and index. Library of Congress Cataloging-in-Publication Data Lindblom, Charles Edward, 1917– The market system: what it is, how it works, and what to make of it / Charles E. Donnelley & Sons, Harrisonburg, Virginia. Printed in the United States of America by R. Johnson and set in Trump type by The Composing Room of Michigan, Inc. Copyright Law and except by reviewers for the public press), without written permission from the publishers. This book may not be reproduced, in whole or in part, including illustrations, in any form (beyond that copying permitted by Sections 107 and 108 of the U.S. LINDBLOMĬopyright © 2001 by Yale University. The Market System What It Is, How It Works, and What To Make of It CHARLES E. The Institution for Social and Policy Studies at Yale University The Yale ISPS Series
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