The political economy of Israel : from ideology to stagnation / Yakir Plessner.

Format:

Book

Author/Creator:

Plessner, Yakir, 1935-

Series:

SUNY series in Israeli studies.

SUNY series in Israeli studies

Language:

English

Subjects (All):

Israel--History.

Israel.

Israel--Economic conditions.

Physical Description:

1 online resource (341 pages).

Edition:

1st ed.

Place of Publication:

Albany : State University of New York Press, c1994.

Language Note:

English

Summary:

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. Yakir Plessner is Senior Lecturer in Economics at The Hebrew University of Jerusalem and Fellow at The Jerusalem Center for Public Affairs. He was formerly Deputy Governor of the Bank of Israel and economic advisor to the Minister of Finance.

Contents:

Front Matter

Front Cover

Half Title Page

Title Page

Copyright Page

Table Of Contents

PREFACE

Contents

INTRODUCTION

THE ROAR THAT BECAME A WHISPER

OBSTACLES TO GROWTH: THE ABDUCTED CAPITAL MARKET

THE CAPITAL MARKET: THE ORIGINS

OBSTACLES TO GROWTH: THE ECONOMIC CULTURE

THE ECONOMIC CULTURE: THE ORIGINS

OBSTACLES TO GROWTH: THE WOULD-BE BUSINESS SECTOR

THE WOULD-BE PRIVATE SECTOR: THE ORIGINS

OBSTACLES TO GROWTH: THE ALMIGHTY WEAKLING

THE INFLATIONARY PRESCRIPTION: INSTITUTIONS AND POLICIES

INFLATION! THE OBSTACLES GANG UP

STABILIZATION AND MISSED OPPORTUNITIES

Back Matter

NOTES

INDEX.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. [285]-318) and index.

ISBN:

1-4384-1624-5

OCLC:

42855196