Political Economy: Theories, Principles and Politics



Series: American Political, Economic, and Security Issues
BISAC: POL040000
DOI: https://doi.org/10.52305/LZDN5428

The academic literature on political economy includes many models and theories. The contributions to this volume illustrate four basic principles that many exhibit. First, many different types of political economies exist. There are large differences between not just developed and developing countries but between early and late developers; and substantial differences are easy to discern even among superficially similar ones, such as the East Asian developmental states. Second, most political economies are marked by a myriad of interdependencies among market, state, and civil society. Third, change, both incremental and fundamental, occurs regularly in many. Fourth and as a result of the first three, the analysis of political economies is often quite complex. Chapter 1 focuses on change by analyzing the ongoing Great Reset in the U.S. political economy in the early 21st century. Chapters 2-4 discuss how China differs from western models: in particular, models for international relationships, Confucianism and the Belt and Road Initiative, and China’s cooperation with the Central and East European Countries respectively. Chapter 5 also covers variety and complexity with an in-depth theoretical treatment of Marx’s theory of value. Chapter 6 raises issues of interdependence by highlighting the social bases of political economies. Chapters 7 and 8 touch upon interdependence and complexity by demonstrating how the U.S. political economy marginalizes minorities in the areas of education and health care respectively. Chapter 9 focuses upon interdependence by linking fiscal policy to subsequent election outcomes. Finally, Chapter 10 relates workforce development policy to changes in the 21st century American economy.

Table of Contents


Chapter 1. The Great Reset and the “Back to the Future” Vision of President Donald Trump
(Cal Clark and Evelyn A. Clark – Department of Political Science, Auburn University, Auburn, AL, US, et al.)

Chapter 2. Adaptive Confucian Relationships: Models for Contemporary International Relations
(R. James Ferguson – Centre for East-West Cultural and Economic Studies, Bond University, Gold Coast, Australia)

Chapter 3. When Geopolitics Meets Development on the Belt and Road: A Confucian Journey
(Rosita Dellios – Faculty of Society and Design, Bond University, Gold Coast, Australia)

Chapter 4. New Directions in Theoretical Discussions, Empirical Research and Practical Cooperation for China-CEEC Cooperation in a Global Framework
(Katarzyna A. Nawrot – Committee for Future Studies, Polish Academy of Sciences, Warszawa, Poland)

Chapter 5. Marx’s Theory of Value: A Sympathetic Yet Critical Perspective
(Miguel D. Ramirez – Department of Economics, Trinity College, Hartford, CT, US)

Chapter 6. Social Bases and the Political Economy of Development
(Katie Mills and Alexander C. Tan – Department of Political Science and International Relations, University of Canterbury, Canterbury, New Zealand, et al.)

Chapter 7. The Color-Line and the Classroom: Racialized Space and the Making of Neoliberal Schools
(Marcus Bell – Department of Sociology, State University of New York, Oswego, Oswego, NY, USA)

Chapter 8. Race and Influenza Deaths in the United States
(Charles E. Menifield and Cal Clark – School of Public Affairs and Administration, Rutgers University, Newark, Newark, NJ, US, et al.)

Chapter 9. A Derivative-Based Model of U.S. Presidential Elections: 1880-2020
(Alfred G. Cuzán and Richard J. Heggen – Department of Government, University of West Florida, Pensacola, FL, USA, et al.)

Chapter 10. Workforce Development in the Age of COVID-19: Implications for Policymakers
(Nicholas Bolden – Department of Politics, Philosophy, and Public Administration, Columbus State University, Columbus, GA, USA)


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