Theories of Political Economy [Paperback]

This 1992 book explores some of the more important frameworks for understanding the relationship between politics and 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 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. 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.Preface; Introduction; 1. Politics and economics; 2. The classical approach; 3. Marxian political economy; 4. Neoclassical political economy; 5. Keynesian political economy; 6. Economic approaches to politics; 7. Power-centered approaches to political economy; 8. State-centered approaches to political economy; 9. Justice-centered theories; Conclusion; Bibliography; Index. Caporaso and Levine have pulled off a difficult feat. They have managed to write a comprehensive introduction to political economy that is theoretically sophisticated. Not only can beginners profit from their efforts, but so can theorists. Stephen Elkin, University of Maryland Caporaso and Levine skillfully map out the terrain of political economy....The consideration of policy issues nicely illustrates and complements the morelÎ