The ABCs of Political Economy - First Edition

The ABCs of Political Economy - First Edition : A Modern Approach

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The ABCs of Political Economy is an accessible introduction to modern political economy. While informed by the work of Marx, Keynes, Veblen, Kalecki and other great political economists, Robin Hahnel teaches the reader the essential tools necessary to understand economic issues today from a modern perspective, searching for ways to replace the economics of competition and greed with the economics of equitable co-operation.

The ABCs of Political Economy empowers people who are dissatisfied with today's economies but are often intimidated by conventional economic analysis.

No previous economics background is assumed, and everything is explained in verbal form in eight core chapters.

Examining the nature of today's economic market, issues of economic justice, macroeconomics and globalization, Robin Hahnel provides an ideal introduction to key economic ideas, offering a critical perspective on our present system and outlining clear alternatives for the future.
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Product details

  • Hardback | 320 pages
  • 135 x 215 x 21.59mm | 476.27g
  • London, United Kingdom
  • English
  • 0745318584
  • 9780745318585

Table of contents


1. Economics and Liberating Theory

2. What Should We Demand from Our Economy?

3. A Simple Corn Model

4. Markets. Guided by an Invisible Hand or Foot?

5. Micro Economic Models

6. Macro Economics. Aggregate Demand as Leading Lady

7. Money, Banks and Finance

8. International Economics: Mutual Benefit or Imperialism?

9. Macro Economic Models

10. What Is To Be Undone? The Economics of Competition and Greed

11. What Is To Be Done? The Economics of Equitable Cooperation



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Review quote

"There can be few things more important for activists, or for anyone concerned about the fate of the world, than to gain a solid understanding of how the economy works and what might be done to move it in more humane directions. And I can think of no better advice than to read this book -- lucidly written, comprehensive in coverage, based on expert understanding and insight -- and genuinely liberatory in its implications. It is a contribution of very great value." -- Noam Chomsky"Most economists worship the market, describing it as a fair, impersonal arbiter of efficiency. Robin Hahnel brilliantly debunks this religion, providing explanations of market failures on both micro- and macroeconomic levels. He combines clear exposition and mathematical illustration with a compelling passion for progressive social change." -- Nancy Folbre, Professor of Economics, University of Massachusetts"Must our economic lives be dominated by greed and competition? Free market economists have long answered yes . The ABCs of Political Economy shows that what they know is not so. Robin Hahnel writes with clarity, originality, verve and a relentless moral passion." -- Robert Pollin, Professor of Economics and Co-Director, Political Economy Research Institute, University of Massachusetts"If faculty taught economics without the "invisible hand" of self-interest to align private motives and social outcomes, they would have to think about what society's agenda should be and where market forces fit into it. Equity and equality might become primary objectives, and they would critically question any policy proposed for the sake of efficiency alone asking what the social trade offs are, not the other way around. Sucha course could be taught using this book by Hahnel (political economy, American Univ., Washington DC). The author tackles the traditional topics of contemporary economics--supply and demand, international trade, Keynesian macroeconomics, money and banking--and subjects them to a social critique based on his conception of an economics of equitable cooperation. Unlike many books of this type, there is a serious attempt to present economic tools and concepts while also arguing that the conclusions that are usually drawn from them are flawed. Some sympathetic readers may be put off by the technical treatment of some topics, but this may be the price of taking radical ideas seriously. Summing Up: Recommended. Academic collections, lower-division undergraduate through faculty."--M. Veseth, University of Puget Sound in CHOICE
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About Robin Hahnel

Robin Hahnel is Professor Emeritus of Economics at American University in Washington DC. He is author of The ABCs of Political Economy (Pluto, 2014), Green Economics (Routledge, 2011), and Of the People, By the People: The Case for a Participatory Economy (AK Press, 2012).
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Rating details

114 ratings
4.02 out of 5 stars
5 32% (37)
4 43% (49)
3 19% (22)
2 5% (6)
1 0% (0)
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