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This book constitutes the first attempt at a comprehensive description, history, and analysis of Israel’s economy. Plessner examines events of the past two decades and advances the hypothesis that problems within the Israeli economy can be explained by the extent of its departure from the institutions and rules that govern predominantly market economies. He argues that Israel is unusual in that it affords an opportunity to analyze a socialized economy embedded in a democratic society. Individual chapters describe Israel’s economic growth and stagnation, the government’s domination of capital and credit markets, and the absence of a truly independent private sector. The concluding chapter evaluates the stabilization program of the 1980s and its aftermath and provides a prognosis for the future. Told within the framework of the story of Zionism and the creation of the Jewish state, this book answers the question of why the Israeli economy finds itself today in the same state in which it has languished since 1973.

Table of Contents

  1. Cover
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  1. Title Page, Copyright Page
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  1. Contents
  2. pp. vii-ix
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  1. Preface
  2. pp. xi-xii
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  1. Introduction
  2. pp. 1-5
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  1. 1. The Roar That Became a Whisper
  2. pp. 7-36
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  1. 2. Obstacles to Growth: The Abducted Capital Market
  2. pp. 37-59
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  1. 3. The Capital Market: The Origins
  2. pp. 61-78
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  1. 4. Obstacles to Growth: The Economic Culture
  2. pp. 79-94
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  1. 5. The Economic Culture: The Origins
  2. pp. 95-113
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  1. 6. Obstacles to Growth: The Would-Be Business Sector
  2. pp. 115-147
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  1. 7. The Would-Be Private Sector: The Origins
  2. pp. 149-176
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  1. 8. Obstacles to Growth: The Almighty Weakling
  2. pp. 177-192
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  1. 9. The Inflationary Prescription: Institutions and Policies
  2. pp. 193-226
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  1. 10. Inflation! The Obstacles Gang Up
  2. pp. 227-268
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  1. 11. Stabilization and Missed Opportunities
  2. pp. 269-284
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  1. NOTES
  2. pp. 285-318
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  1. INDEX
  2. pp. 319-328
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Additional Information

ISBN
9781438416243
Related ISBN
9780791417416
MARC Record
OCLC
42855196
Pages
328
Launched on MUSE
2012-01-01
Language
English
Open Access
No
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