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'Political economy' has been the term used for the past 300 years to express the interrelationship between the political and economic affairs of the state. In Theories of Political Economy, first published in 1992, James A. Caporaso and David P. Levine explore some of the more important frameworks for understanding the relationship between politics and economics, including the classical, Marxian, Keynesian, neoclassical, state-centred, power-centred, and justice-centred approaches. The book emphasises both the differences between these frameworks and the issues common to them.
Preface; Introduction; 1. Politics and economics; 2. The classical approach; 3. Marxian political economy; 4. Neoclassical political economy; 5. Keynesian political economy; 6. Economic approaches to politics; 7. Power-centered approaches to political economy; 8. State-centered approaches to political economy; 9. Justice-centered theories; Conclusion; Bibliography; Index.
"Caporaso and Levine have pulled off a difficult feat. They have managed to write a comprehensive introduction to political economy that is theoretically sophisticated. Not only can beginners profit from their efforts, but so can theorists." Stephen Elkin, University of Maryland