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This approach informs Andrew Gamble's The Free Economy and the Strong State (Palgrave Macmillan, 1988), and Colin Hay's The Political Economy of New Labour (Manchester University Press, 1999). It also informs much work published in New Political Economy, an international journal founded by Sheffield University scholars in 1996. [47]
A common critique of critical political economy (often from the cultural studies approach) is that, like Marx, it fetishizes capitalism and is deterministic technologically and/or economically. [1] Christian Fuchs and Vincent Mosco in their book Marx and the Political Economy of the Media compile the effects of media communication in a ...
This ‘new political economy’ attempts to combine the approach of the classical political economists (from Smith to Marx) with more recent "analytical advances". Authors adopting this approach include Gamble (1996), [ 4 ] Watson [ 5 ] [ 6 ] himself, and a series of authors in the work edited by Higgott and Payne (2000). [ 7 ]
Neo-Gramscianism is a critical theory approach to the study of international relations (IR) and the global political economy (GPE) that explores the interface of ideas, institutions and material capabilities as they shape the specific contours of the state formation.
International political economy (IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. [1] A key focus in IPE is on the power of different actors such as nation states, international organizations and multinational corporations to shape the international economic system and the distributive consequences of international economic activity.
Geopolitical economy is a contemporary Marxist approach to understanding the capitalist world historically. [1] It was proposed by Radhika Desai in her Geopolitical Economy: After US Hegemony, Globalization and Empire [2] as a critique of contemporary mainstream theories of International political economy (IPE) and International relations (IR). [3]
Political economy in anthropology is the application of the theories and methods of historical materialism to the traditional concerns of anthropology, including but not limited to non-capitalist societies. Political economy introduced questions of history and colonialism to ahistorical anthropological theories of social structure and culture.
In Principles of Political Economy, Malthus' rebuts David Ricardo's work, particularly rejecting idea developed by Jean Baptiste Say that theorizes that supply generates its own demand, known as Say's law. [4] Say's law emphasizes the idea that there is no tendency towards a depression because as supply increases, people will naturally demand ...