Models in Political Economy: A Guide to the Arguments; Second Edition

This incisive survey begins with an examination of the fundamental differences within the capitalist system, between Market, Monetarist, Keynesian, Japanese and Marxist models, as well as the alternative models presented by the Feminist and Green movements. The following chapters on Russia, China, Yugoslavia and Africa have been considerably expanded to take in the momentous events of the last decade. The final section deals with building models for understanding the future: the current global developments of capitalism including the emergence of a single currency and Central Bank in Europe; the possible changes within capitalism; and the evolution of a new social order as an alternative to the system of the individual buying and selling in the market. If human exploitation is to end, the author argues, there needs to be radical social change through collective action and social provision.