Topics In Analytical Political Economy

The nine papers in this volume are a diverse set of quality contributions to the field in economics that is called political economy. It is important to understand that social scientists hold different interpretations of the term political economy. Most mainstream economists expect a paper in the field to use the same models as are used in neoclassical economics, be it micro or macro. The field of political economy is seen by most economists to be exclusively the purview of their field. However, the political system of a country determines the nature of its economics system. The economy feeds back to the political system but the rules of the game are determined by the political system. The study of politics is the hardest task in the social sciences. The political system defines the scope of the economics system while taking resources from the economy in order to run campaigns and produce the types of compromises that are required of a stable political system that allows economic agents to make sensible investments. The interaction between the highly inter-dependant yet very different fields of politics and economics forms the basis of this volume. It contains a collection of key papers on the topic of analytical political economy. The papers authored by some of the foremost experts in the field. It is part of the "ISETE" series.

Offering a unique picture of recent developments in a range of non-conventional theoretical approaches in economics, this book introduces readers to the study of Analytical Political Economy and the changes within the subject. Includes a wide range of topics and theoretical approaches that are critically and thoroughly reviewed Contributions within the book are written according to the highest standards of rigor and clarity that characterize academic work Provides comprehensive and well-organized surveys of cutting-edge empirical and theoretical work covering an exceptionally wide range of areas and fields Topics include macroeconomic theories of growth and distribution; agent-based and stock-flow consistent models; financialization and Marxian price and value theory Investigates exploitation theory; trade theory; the role of expectations and ‘animal spirits’ on macroeconomic performance as well as empirical research in Marxian economics

In this interactive collection of essays, many of the leading proponents of analytical political economy examine major macroeconomic issues through the integration of mathematical analysis and non-neoclassical economic theory. The topics covered include the macroeconomics of the labor market, open economy issues, economic growth, and macroeconomic policy. The chapter-comment-reply format of the book creates a genuine dialogue on each theme, and evokes a sense of unfolding debate which draws the reader into the discussion.

This is a collection of mathematically-based, economic research by scholars from a breadth of non-neoclassical research traditions. Drawing on classical, Marxist, post-Keynesian and Kaleckian, structuralist, evolutionary and institutionalist approaches, these essays address four key areas of economics: unemployment, finance and business cycles; accumulation, distribution and technical change; value and price; and contemporary debates in development economics.

Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions.

A guide to methods in analytical political theory, offering concrete advice and clear examples of good and bad practice.

In an era of post-globalisation, the global political economy needs restructuring. This future-orientated textbook examines the challenges facing the world economy as a result of climate change, social and economic inequality and provides future-oriented solutions. Andersson clearly presents and explains key concepts from Global Political Economy (GPE) to show how these can be used to design and analyse potential reconstructions of the global political economy, offering the analytical tools and inroads to this reconstruction. With a comprehensive exploration of the different ideological pathways that change might take, through intersecting dimensions of gender, race and class, the author expertly guides the reader through thematic chapters such as: • The political economy of everyday life • Regulation of global trade • Post-development • Global value chain production • Financial markets This textbook will help students and non-specialist readers to see that global economic change is possible and show how core concepts from GPE can enable clear thinking about a global future that is environmentally, socially and economically sustainable.

Despite numerous policy reforms since the 1980s, farm product prices remain heavily distorted in both high-income and developing countries. This book seeks to improve our understanding of why societies adopted these policies, and why some but not other countries have undertaken reforms. Drawing on recent developments in political economy theories and in the generation of empirical measures of the extent of price distortions, the present volume provides both analytical narratives of the historical origins of agricultural protectionism in various parts of the world and a set of political econometric analyses aimed at explaining the patterns of distortions that have emerged over the past five decades. These new studies shed much light on the forces affecting incentives and those facing farmers in the course of national and global economic and political development. They also show how those distortions might change in the future.