Global Political Economy



Global Political Economy


Lean how the ideas of the world’s greatest economic thinkers help explain the global political economy today. Explore the ideas of Adam Smith, David Ricardo, John Stuart Mill, Thomas Malthus, Herbert Spencer, the Utopian Socialists, Marx, the Austrian School, Keynes, Kalecki, Pareto, Veblen, Marcuse, the Dependency Theorists, the Chicago School and the Virginia School, Rational Choice Theory, New Political Economy, and others. Understand the dynamics of global economic growth, trade, money, finance, MNC’s, the BRICS, the precariat, and the vast underground global economy. This book might make you see the world in better way.

Written after teaching courses in political science and global political economy for more than twenty-five years, Global Political Economy provides an easily accessible textbook for courses in political science, international relations, business, and economics departments at both the undergraduate and graduate levels.  It is the only textbook which explains such a wide range of historical ideas in political economy as a foundation for understanding today’s global economy. This corrects the major weakness in most textbooks in global political economy. The textbook concentrates on the essential ideas and shows how and why economic thinking has changed since the eighteenth century.

The language is simple, direct and lively, avoiding academic jargon and confusing mathematics. Students will not be afraid of reading economics with this textbook. It will catch the interest of the general reader also and help readers understand how the world around them actually works.

Part I covers all the major theories and approaches to political economy. Part II covers the dynamics of the global economy since World War II and the shift to New Political Economy after the l970s.

From the student’s point of view, the book provides a vast amount of essential knowledge in a simple way and in a nutshell.

The book will also be very convenient for instructors and save them an inordinate amount of time in preparing lectures as it brings a massive range of ideas together in a simple way and locates then in their historical context.  Instructors may omit certain chapters of the book if they do not consider the material relevant to their particular course.

General Features of the Book:

  1. It covers both the theories and the economic models of global political economy in one simple textbook that students can easily understand. The first part provides the theoretical background. The second covers the global economy.
  2. The student can understand economic ideas and where they came from in a simple way in simple language.
  3. The book provides biological sketches of many economic and political thinkers. This is very useful for reference.
  4. The glossary of terms covers all major terms in political economy and explains their meanings.
  5. The book explains economic ideas in simple and understandable terms. Students will understand that economics is not just for economists.

The book can be used for both undergraduate and graduate courses in International Political Economy, Global Political Economy, Globalization, Economic Development, State and Economy, History of Economic Thought, International Business, and other courses.


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