Political Economy of Global Restructuring

The Political Economy of Global Restructuring argues that the study of political economy, and the classical perspective it offers, will become increasingly relevant as we approach the 21st century. The dramatic events in Eastern Europe, the resurgence of an invigorated market capitalism and the prospect of integrated trading and financial communities are challenging the orientation towards positivism and model-building which dominates mainstream economics. Trade and Finance, the second volume of The Political Economy of Global Restructuring, focuses on the responses of the market economies of the West to structural changes in the world economy. By in depth study of such issues as disparate gains from EEC accession among member countries who give up mercantilist practices, and the prospect of new strains between financial centres and their peripheries in consequence of a European Central Bank, this volume is a decisive step in the direction of re-establishing Political Economy as a purposeful discipline.