James A. Yunker Livres

The book explores the contrasting economic systems of capitalism and pragmatic market socialism through a general equilibrium framework. It delves into the theoretical underpinnings and practical implications of both models, examining how they address issues such as resource allocation, efficiency, and social welfare. By analyzing various case studies and economic theories, the author provides insights into the strengths and weaknesses of each system, ultimately contributing to the ongoing debate about the best approach to economic organization in contemporary society.

The book presents a compelling argument for a Global Marshall Plan, proposing that a well-structured and adequately funded economic development initiative could significantly narrow the economic divide between wealthy and impoverished nations over a 50-year timeline. It emphasizes the potential impact of such a project on global inequality and outlines the necessary components for its successful implementation.

The World Economic Equalization Program (WEEP) proposes an unprecedented scale of foreign development assistance, aiming to surpass all previous aid initiatives. Yunker argues that contributions from the wealthiest nations, estimated at three to seven percent of their Gross National Products, are feasible and necessary to address global inequalities. The program seeks to reshape international aid by promoting significant financial commitments to foster economic balance worldwide.

This title was first published in 2001. Spanning a quarter of a century, this collection makes conveniently accessible 14 of Yunker's thorough and highly illuminating contributions to the literature on market socialism.