Summary of Comparative Economic Systems

Comparative Economic Systems, written by Richard L. Carson and edited by J Douglas Campbell, is an introductory textbook designed to provide students with an understanding of different approaches to economics, ranging from capitalism, socialism, and mixed economy systems. Through the use of rigorously detailed and insightful case studies, the authors explore the various economic systems, their respective merits and challenges, and their strengths and weaknesses. From international economics, to the dynamics of the contemporary global economy and alternative forms of economic system, the text provides a comprehensive illustration of the functioning of various national economies and the influence of global forces on economic policies. Written in a clear, straightforward style, the text also critically examines the various economic systems to promote student understanding.