Release on 1992-08-28 | by James A. Caporaso,David P. Levine
Author: James A. Caporaso,David P. Levine
Pubpsher: Cambridge University Press
Category: Business & Economics
This exploration of some of the more important frameworks used for understanding the relationship between politics and economics includes the classical, Marxian, Keynesian, neoclassical, state-centered, power-centered, and justice-centered.
This book is an exploration of theories of 'political economy.' Such theories are the latest products of a long-standing intellectual enterprise concerned with understanding the relationship of politics and economics. Those involved in the enterprise have often wanted not just to describe how economics and politics are related but also to suggest how they should be related-to suggest how one should shape the other. In framing their theories, they have also involved themselves in academic arguments about the value and limitations of disciplines, as well as in essentially political arguments about the relationship of theory to action.
Subversive thought is none other than the cunning of reason when confronted with a social reality in which the poor and miserable are required to sustain the illusion of fictitious wealth. Yet, this subsidy is absolutely necessary in existing society, to prevent its implosion. The critique of political economy is a thoroughly subversive business. It rejects the appearance of economic reality as a natural thing, argues that economy has not independent existence, expounds economy as political economy, and rejects as conformist rebellion those anti-capitalist perspectives that derive their rationality from the existing conceptuality of society. Subversion focuses on human conditions. Its critical subject is society unaware of itself. This book develops Marx's critique of political economy as negative theory of society. It does not conform to the patterns of the world and demands that society rids itself of all the muck of ages and founds itself anew.
Global Political Economy (GPE) is a broad and varied field of study and draws insight from a great number of fields and approaches. One of the serious problems confronting academics and students is the sheer mass of theories and debates in the field. This textbook provides up-to-date summaries of the debates and approaches that are currently at the forefront of both European and American GPE. This new revised and expanded second edition contains updated versions of most of the original chapters. In addition, there is a new section entitled ‘Emerging issues in contemporary Global Political Economy (GPE)’ and six new chapters. The second edition is structured around three themes: Part I focuses on the six central concepts of GPE: state, firm, power, labour, finance and globalization. Each one of them has been increasingly subjected to a rigorous and critical evaluation in recent scholarship. Part II covers a select number of theories and debates currently at the forefront of GPE: game theory; behavioural economics; neo-, sociological and evolutionary institutionalism; neo-Marxism; development and post-development; libidinal economies; and economic constructivism. Part III, which is new to this edition, is entitled ‘Emerging issues in contemporary Global Political Economy (GPE)’ and focuses on war, state and International Political Economy (IPE); race, gender and culture; environmental politics; and the rise of China. This is essential reading for all serious scholars and advanced students of IPE.
One of the most prominent economic philosophers of the 19th century, on a par with-but espousing quite different thinking than-Karl Marx and Adam Smith explores, in the three-volume National System of Political Economy, a reasoned doctrine of national and pan-national management of trade, a global collaboration between government and business. In Volume 2, he delineates his theory of supportive interconnectedness, discussing everything from the value of the individual's ability to produce wealth to the edge established businesses have over new ones. A close reading of this 1841 classic is an absolute necessity for anyone who hopes to understand world economic history of the last 150 years. German economist and journalist FRIEDRICH LIST (1789-1846) served as professor of administration and politics at the University of T bingen, but was later jailed and later exiled to America for his political views. His is also the author of Outlines of American Political Economy (1827).