How Long to Read The Nature of Socialist Economics

How Long Does it Take to Read The Nature of Socialist Economics?

It takes the average reader 4 hours and 54 minutes to read The Nature of Socialist Economics by Peter Murrell

Assuming a reading speed of 250 words per minute. Learn more

Description

What are the sources of the well-known differences in the performance of capitalist and socialist economic systems? Peter Murrell argues that the Schumpeterian model has far more power to answer this question than does the neoclassical theory generally used for that purpose. The neoclassical theory focuses on the absence of a price system and the inability of a centralized system to allocate resources efficiently, while the Schumpeterian model emphasizes the rigidity of institutions and policies in socialist economies and their lack of mechanisms either to create new institutions or to identify and to foster the growth of the most efficient organizations (including multinational corporations). In a work that will have profound consequences for the analysis of economic reform in socialist economies, Murrell compares the predictions of these two models against data summarizing foreign trade performance and finds the Schumpeterian model clearly superior. Combining international trade theory and econometric techniques, the author develops new methods of comparative economic analysis. These methods provide new information on the values of eleven resource endowments implicit in trade, the degree to which the socialist countries fit standard models of trade, the effect of multinational corporations on trade, and myriad other features of economic performance. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

How long is The Nature of Socialist Economics?

The Nature of Socialist Economics by Peter Murrell is 292 pages long, and a total of 73,584 words.

This makes it 99% the length of the average book. It also has 90% more words than the average book.

How Long Does it Take to Read The Nature of Socialist Economics Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 42 minutes to read The Nature of Socialist Economics aloud.

What Reading Level is The Nature of Socialist Economics?

The Nature of Socialist Economics is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Nature of Socialist Economics?

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