The New Model Economy: Economic Inventions for the Rest of the Century puts forward certain ideas on how the making of economic policy and the instruments used to implement it in the industrialized Western countries could and should be reformed to overcome the grave difficulties of the present. The book contains a total of nine chapters that falls into two parts. The first part proposes the adoption of a ""participatory"" approach to economic policymaking that could be expected to increase greatly the legitimacy of the economic system. This approach would also render possible the solution of the technical problems in this field. The second part describes several such arrangements that appear practicable. This book will be valuable to both economists and intelligent general public.
