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Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of...
Persistent link: https://www.econbiz.de/10008533291
This volume of proceedings, available as both a hard copy and a pdf file, is an edited compilation of selected contributions to the Conference on Modern Agriculture in Central and Eastern Europe (MACE) 2010, held in Berlin, Germany, at the ICC on the 13th and 14th of January 2010. We would like...
Persistent link: https://www.econbiz.de/10008693759
Decades of Soviet rule have left a heritage of environmental and social problems in Central Asia. The demise of an entire ecosystem at unprecedented pace, the "Aral Sea Syndrome", is the most prominent of the undesired outcomes of the focus on agricultural production that has dominated land and...
Persistent link: https://www.econbiz.de/10008490029
Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...
Persistent link: https://www.econbiz.de/10009445186