FROM THE PUBLISHER

Volume II provides in-depth, up-to-date treatment of transitional economies, such as Russia and China, and draws on the experiences of other East European transforming economies. As examples of capitalist systems, the author profiles the Japanese and Swedish economies and draws on the experiences of other contemporary Asian economies as well. A concluding chapter surveys the rise and fall of National Socialism and the German renewal after World War II. Throughout Volume I and Volume II, the author presents the evolution of economic systems though time and the relationship between growth and inequality, including the recent increases in inequality in Western countries.

FROM THE CRITICS

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Explores major issues and topics of comparative economics, using an approach based on property rights and the role of the state in both market and nonmarket economies. Traces the evolution of economic systems and analyzes the relationship between growth and inequality, including the recent increases in inequality in Western countries. Includes chapter review and discussion questions. This second edition provides updated treatment of transitional economies, drops chapters on the former Yugoslavia and the former West Germany, and adds chapters on German reunification and Taiwan. Annotation c. by Book News, Inc., Portland, Or.

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