The global economy and its economic systems / Paul R. Gregory, University of Houston Hoover Institution, Stanford University, Robert C. Stuart, Rutgers University.

Previous edition published unter the title Comparing economic systems in the twenty-first century.

Includes bibliographical references and index.

Economic history and economic systems -- Definition and classification of economic systems -- Economic systems and economic outcomes -- How economic systems change -- The setting of economic systems -- Theory of capitalism -- Theory of planned socialism -- Theory and practice of market socialism -- Introducing the Anglo-Saxon, European, and Asian models -- The Anglo-Saxon model: England during the industrial revolution -- The Anglo-Saxon model: the U.S. economy -- The European model -- The Asian model -- The Soviet command economy -- China: party dictatorship, markets, and socialism -- An introduction to transition -- Transition economics: output patterns and measurement issues -- Introducing markets: privatization and the decline of government -- The macroeconomy: fiscal and monetary issues -- Transition and the global economy: international trade and finance -- Transition and the safety net -- Prospects for 2050: economic institutions and economic performance.