Cover image for Political economy and contemporary capitalism : radical perspectives on economic theory and policy
Political economy and contemporary capitalism : radical perspectives on economic theory and policy
Baiman, Ron, 1951-
Publication Information:
Armonk, N.Y. : M.E. Sharpe, [2000]

Physical Description:
xv, 352 pages : illustrations ; 24 cm
Subject Term:

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HB71 .P654 2000 Adult Non-Fiction Central Closed Stacks

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This volume covers the theoretical method, macroeconomics, microeconomics, international trade and finance, development, and policy of economic theory. It incorporates various alternative approaches as well as a broad spectrum of policy issues.

Reviews 1

Choice Review

Filling a serious gap in the literature, this outstanding book provides the most comprehensive coverage of all the various aspects of progressive political economy in a single volume. The 36 concise essays cover their topics with surprising thoroughness, and what is even more marvelous is that they are well integrated. Finally, unlike many books that pretend to be accessible to undergraduates, this one actually is, with only a couple of exceptions. The volume is organized in six sections. Section 1 analyzes conceptual approaches to political economy and describes what political economy is, including various schools and approaches. Subsequent sections discuss how economies grow and collapse; describe how the economy affects people in terms of their work, income, and status; examine issues in money and finance; address the global political economy; and treat policy questions. Most of the contributors are preeminent in their field. This well-written and well-edited work is a must buy for all academic and research libraries and is highly recommended for general collections as well. M. Perelman; California State University, Chico

Table of Contents

1 IntroductionDawn Saunders
I Conceptual Approaches to Political Economy
2 A Primer in Political EconomyBruce Pietrykowski
3 The Methodology of Radical Political EconomicsMathieu Carlson
4 Feminist Political Economy: A PrimerEllen Mutari
5 Class and Evolution: An Institutionalist ViewWilliam Dugger
6 Class and Evolution: A Marxist ViewHoward Sherman
7 Beyond Racist Capitalist Patriarchal Economics: Growing a Liberated EconomyJulie Matthaei
II Capitalism's Dynamic Path: Accumulation and the Rate of Profit
8 The Rate of Profit and Stagnation in the U.S. EconomyFred Mosley
9 The Global Relevance of Marxian Crisis TheoryJonathan P. Goldstein
10 Long Waves of Capitalist Development and the Future of CapitalismIsmael Hossein-Zadah
11 Transformational Growth and the Business CycleEdward J. Nell
III How We Live: Labor, and Income Distribution
12 The Reserve Army of Labor and the Natural Rate of Unemployment: Can Marx, Kalecki, Friedman, and Wall Street All Be Wrong?Robert Pollin
13 The Political Economy of Employment Inequality: Job Access and Pay DifferentialsHeather Boushey
14 Falling Wages, Widening Gaps: U.S. Income Distribution at the MillenniumChris Tilly
15 Single with Children: The Economic Plight of Single MothersChris Tilly and Randy Albelda
16 U.S. Labor Faces an Identity CrisisGeorge DeMartino
IV Examining Money: Finance and Inflation
17 The Role of Credit and Commercial Banks in the Creation of Money: A Post-Keynesian Interpretation in the Circuitist TraditionLouis-Philippe Rochon
18 Hidden Inflation: An Estimate of the Cost of Living Inflation RateJim Devine
19 The P-R-I-C-E of Full Employment in Monopoly CapitalismElmer P. Chase
20 The Promise of Finance: Banks and Community DevelopmentCarole Biewener
V The Global Political Economy
21 What do Undergrads Really Need to Know about Trade and Finance?Matias Vernengo
22 The Rate of Profit in the Postwar Mexican Economy, 1950-1993Abelardo Marina and Fred Moseley
23 Globalization, Technology, and Skill Formation in CapitalismCyrus Bina and Chuck Davis
24 Capitalism and Industrialization in the Third WorldDavid Ruccio
25 Lessons from Economic Transition in Russia and ChinaDavid M. Kotz
26 The Asian Financial Crisis: What Went Wrong?Ilene Grabel
27 The Roots of the Asian Financial Crisis: A Story of Export-led Growth and Liberalized Capital FlowsStephanie Seguino
28 Mainstream Responses to the East Asian Crisis: A Radical InterpretationMartin Hart-Landsberg and Paul Burkett
VI Exploring Policy Questions: Theory and Applications
29 The Rise and Fall of the U.S. Welfare StateAnwar M. Shaikh and E. Ahmet Tonak
30 Five Easy Pieces on the Economics of Tax JusticeMax Sawicky
31 Why the Emperor has no Clothes: The Neoclassical Case for Price RegulationRon Baiman
32 Broadening the Concept of Pay Equity: Lessons for a Changing EconomyDeborah M. Figart and Heidi I. Hartmann
33 The Earned Income Tax Credit: What it Does and Doesn't DoRobert Cherry and Gertrude Schaffner Goldberg
34 Empty Bellies, Empty Promises: Welfare Reform in the 90sKimberly Christensen
35 The U.S. Health Care System: A Reproduction CrisisJerome Joffe
36 The Political Economy of Social Security Reform in the U.S.Teresa Ghilarducci