1.

Record Nr.

UNINA9910958150003321

Autore

Plessner Yakir <1935->

Titolo

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

Pubbl/distr/stampa

Albany, : State University of New York Press, c1994

ISBN

1-4384-1624-5

Edizione

[1st ed.]

Descrizione fisica

1 online resource (341 pages)

Collana

SUNY series in Israeli studies

Disciplina

338.95694

Soggetti

Israel History

Israel Economic conditions

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

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

Nota di contenuto

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.

Sommario/riassunto

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.