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International political economy : contrasting world views

Author: Raymond C Miller, (Economist)
Publisher: London : Routledge, 2018.
Edition/Format:   eBook : Document : English : Second editionView all editions and formats
Summary:
The second edition of International Political Economy continues to be the perfect short introduction to the fundamental theories and issues of international political economy (IPE)Compares, contrasts, and critiques the different approaches in the context of major global issues such as financial crises, free vs. fair trade, ecological degradation, growing inequality, gender, globalization, and multinational  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version :
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Raymond C Miller, (Economist)
ISBN: 9781317215752 1317215753 9781317215769 1317215761 9781317215745 1317215745 9781351115261 135111526X
OCLC Number: 1032162376
Notes: Previous edition: 2008.
1 The Field of Study Known as "IPE" 2 The Market Model and World View 3 Market World View Applications 4 The Multi-Centric Organizational (MCO) Model and World View 5 Critical Applications of the MCO or Institutionalist World View 6 The Classical Marxist Model and World View 7 Contemporary Applications of Marxist Analysis 8 Summation and Review.
Description: 1 online resource : illustrations (black and white)
Contents: Cover; Half Title; Title Page; Copyright Page; Dedication; Table of Contents; List of illustrations; Preface for students; Preface for instructors; Acknowledgments; List of acronyms; 1. The field of study known as "IPE"; Historical creation of the global political economy; Classical political economy; The global political economy in the twentieth century and beyond; Modern international political economy; World view; Plan of the book; Review questions; Bibliography; 2. The market model and world view; The seven premises of the market model; 1 Free, rational individuals. 2 Decision-making via aggregation of individual choices3 Monetization; 4 Material gain; 5 Mobility; 6 Competition; 7 Government support; Internal interactions of the market model; Roles; Market model diagram; Supply-demand relationships; Economic growth and capital investment; Market totals; Logical consequences of the market model; Full utilization of all resources and products; Tendency to eliminate profit; Optimum allocation of resources; Answers to basic economic questions; Production; Distribution; Concluding observations; Review questions; Bibliography; 3. Market world view applications. National income and product accountsInternational trade and the market; Balance of payments; Foreign exchange; The gold standard; Monetary policy; Instruments of monetary policy; Third world debt crisis (1980s); Asian financial crisis (1990s); The financial crisis of 2007-2009; The financial crisis fallout in Europe; The Keynesian revision and fiscal policy; Keynes and global governance; Global connections; Review questions; Bibliography; 4. The multi-centric organizational (MCO) model and world view (the institutionalist perspective). The Veblen and Polanyi institutionalist challenge to the market modelSraffa's neo-Ricardian critique; Keohane's institutionalist revision of realism; The Galbraith critique and alternative; The multi-centric organizational model; Premises; Interactions; Outcomes; Review questions; Bibliography; 5. Critical applications of the MCO or institutionalist world view; Problems with "free trade"; Money and finance: power and volatility; Ecological crisis; "Corporate colonialism"; The institutionalist (MCO) reform agenda; Democracy; Fair trade; Debt relief; Global reserve currency; Global finance. Carbon taxEcological reforms; Feminist reforms; Political feasibility; Governance reforms summary; Review questions; Bibliography; 6. The classical Marxist model and world view; Premises of the classical Marxist model; Interactions within the classical Marxist model; Forces of production; Relations of production; Historical materialism; The capitalist mode of production; Forces of production in capitalism; Relations of production in capitalism; Outcomes of the capitalist mode of production; Outcomes of the classical Marxist model; Review questions; Bibliography.
Responsibility: Raymond C. Miller.

Abstract:

The second edition of International Political Economy continues to be the perfect short introduction to the fundamental theories and issues of international political economy (IPE)Compares, contrasts, and critiques the different approaches in the context of major global issues such as financial crises, free vs. fair trade, ecological degradation, growing inequality, gender, globalization, and multinational corporations; Contains 30 original figures and tables, review questions at the end of each chapter, and a detailed glossary to enhance student learning;Explains key economic concepts such as financial markets, banking systems, monetary policy, foreign exchange, Keynesian economics, fiscal policy, comparative advantage, value theory, money, role of corporations, and ecological economics as well as their relationship to political concepts such as international regimes and governance;Having emerged from both the classical and modern schools of political economy, the book's unique structure is organized around the threefold world view classification of IPE that the author labels as free-market, institutionalist, and Marxist. Responds to the call from eminent IPE specialists Robert Keohane and Benjamin Cohen for textbooks that take a pluralistic approach. The book:This thoroughly updated second edition is essential reading for students of international political economy, economics, political science and global governance. Written in a concise, accessible style by an experienced teacher and scholar, it combines theoretical perspectives, real-world examples, and comparative policy analysis. The text offers students an in-depth, balanced understanding of the contrasting core perspectives in IPE, allowing them to critically evaluate and independently analyze major political-economic events.

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