Theories of Political Economy
Cambridge University Press, Aug 28, 1992 - Business & Economics - 243 pages
"Political economy" has been the term used for the past 300 years to express the interrelationship between the political and economic affairs of the state. In Theories of Political Economy, James A. Caporaso and David P. Levine explore some of the more important frameworks for understanding the relation between politics and economics, including the classical, Marxian, Keynesian, neoclassical, state-centered, power-centered, and justice-centered. The book emphasizes understanding both the differences among the overall frameworks of the theories and the issues common to them.
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Politics and economics
The classical approach
Marxian political economy
Neoclassical political economy
Keynesian political economy
Economic approaches to politics
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action activities Adam Smith agenda agents allocation approaches to political argues argument autonomy behavior benefits capital capitalist class capitalist economy civil society class consciousness classical economists commodities concept concerning conditioned power consumers consumption contractarian costs decisions defined demand depends determined distinction distribution economic approach efficiency example exchange exist externalities firms focus framework goals idea implies important income individual inputs investment justice justice-centered approaches Keynesian libertarian limits market economy market failure Marx Marxian theory Marxists material maximization means means of production neoclassical economics nomic notion oligopoly organization outcomes output Pareto criterion persons political economy political process politics and economics preferences principle private interest problem production profit property rights public choice public choice theory rational choice relations reproduction satisfy self-interest sense social order social welfare function sphere structure subsistence surplus surplus-value thinking transactions utilitarian wage want satisfaction wealth welfare workers