Learning Objectives

After reading Chapter 10, you should be able to do the following:

10.1 Explain the function of a market economy in a modern state

10.2 Articulate the key debates over the role of economics in society

10.3 Define and differentiate the types of capitalist economies

10.4 Explore how globalization has affected wealthy economies

10.5 Explain how different economic theories and practices affect national politics in contemporary states