Political EconomyISBN: 978-0-631-23333-6
Hardcover
448 pages
October 2003, Wiley-Blackwell
Other Available Formats: Paperback
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This thought-provoking introduction to economics exposes readers to
the workings of the market in a democratic state. The text explains
basic economic concepts from a political perspective: how the price
mechanism substitutes for central authority in determining
production and allocation of goods; the use of demand and supply
curves to trace the impacts of tariffs, taxes, subsidies, quotas
and patents; and the redistribution of income. Additionally the
text explores political topics from an economic perspective,
including the avoidance of anarchy and despotism; and the mutual
dependence of markets, voting, public administration and law.
- Relies largely on stories and paradigms to convey important
economic concepts.
- Explains basic economic concepts from a political perspective
and explores political topics from an economic perspective.
- Covers topics such as the price mechanism, demand and supply curves, redistribution of income, anarchy, voting and public administration.