Cover image for Twenty-first century economics : perspectives of socioeconomics for a changing world
Twenty-first century economics : perspectives of socioeconomics for a changing world
Halal, William E.
Publication Information:
New York : St. Martin's Press, 1999.
Physical Description:
xxvii, 414 pages : illustrations ; 22 cm
Electronic Access:
Table of contents

Format :


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HB3730 .T93 1999 Adult Non-Fiction Non-Fiction Area

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As the twenty-first century looms ahead, it is becoming increasingly clear that economic life will be different on the other side of the millennium. InTwenty-First Century Economics,the editors have assembled a group of leading economists and scholars to provide authoritative analyses of the powerful forces now shaping economic systems and to estimate where these trends are headed. The essays compare the Information Revolution of today to the Industrial Revolution of yesterday and show how, for the first time in history, economic affairs are being organized around the pursuit of knowledge.

Author Notes

William E. Halal is Professor of Management Science at George Washington University.
Kenneth B. Taylor is Professor of Economics at Villanova University.

Reviews 1

Choice Review

As the new millennium approaches, it becomes increasingly clear that economic life will be very different. The forces of globalization have created deep gaps among regions, nations, and classes. New economic structures are constantly being invented, entire new industries are being created, and the world is unifying into a global market governed by the imperatives of information and knowledge. Halal (George Washington Univ.) and Taylor (Villanova Univ.) have compiled contributions by a group of leading scholars to help students, policy makers, and other scholars better understand these overwhelming economic changes, to provide authoritative analyses of the forces now shaping economic systems, and to estimate where these trends are leading. Their guiding premise is that this upheaval emanates primarily from a historic transition between two epochs. Today's information revolution is creating new systems of political economy, just as the Industrial Revolution produced old systems that are now being transformed. This well-written book is organized in three parts: the first explores the forces driving economic change; the second sketches out the microeconomic effects of corporate structure and behavior; finally, the third examines the new systems of political economy that are emerging. An excellent volume for upper-division undergraduates. Academic and public library collections. E. Balkan Hamilton College (NY)

Table of Contents

Robert M. SolowWilliam E. Halal and Kenneth B. TaylorErnest SternbergPeter DickenWilliam E. HalalAllen J. ScottAmitai EtzioniSten A. ThoreRaymond Miles and Charles C. Snow and John A. Matthews and Grant MilesRussell L. AckoffPaul EkinsMark LehrerJames AngresanoRobert J. McIntyreKoji TairaVictor A. PestoffMark A. LutzKenneth B. TaylorSeveryn T. BruynWilliam E. Halal and Kenneth B. Taylor
List of Tablesp. vii
List of Figuresp. ix
Acknowledgmentsp. xi
Forewordp. xiii
Introduction: The Transition to a Global Information Economyp. xvii
Part I Forces Shaping the New Economic Order
1. Transformations: The Forces of Capitalist Changep. 3
2. Globalization: An Economic-Geographical Perspectivep. 31
3. The Infinite Resource: Mastering the Boundless Power of Knowledgep. 53
4. Regional Motors of the Global Economyp. 77
5. Voluntary Simplicity: A New Social Movement?p. 107
Part II Emerging Models of the Firm
6. Enterprise in the Information Agep. 131
7. Cellular-Network Organizationsp. 175
8. The Internal Market Economyp. 175
9. Business and the Environment: The Economics of a Clean Businessp. 189
10. Case Study of Lufthansap. 213
Part III Between Laissez-Faire and Industrial Policy
11. Toward Developing a Twenty-First Century Economic Paradigm: Lessons from Myrdal, Schumpeter, and Hayekp. 227
12. The Road to Ruin: Neoclassical Hegemony in Transition Economiesp. 251
13. Japan Faces the Twenty-First Centuryp. 275
14. Social Enterprises and Civil Democracy in Sweden: Developing a Participatory Welfare Society for the Twenty-First Centuryp. 301
15. Healing the Economy the Humanistic Wayp. 327
16. The Quest for Universal Capitalism in the United Statesp. 349
17. A Community-Oriented Economyp. 369
Conclusion: On the Other Side of the Millennium: A Synthesis of Progressive Economic Thoughtp. 393
Indexp. 407