'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
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