"What is political economy? / edited by Whynes, David K ."

In What is Political Economy? nine expert contributors examine themes and specific issues in political economy. They explore its history. its implications and its relevance - as well as its philosophical strength as compared to ortho dox economics, which makes it essential to modern social science analysis. The Austrian school (with Mises and Hayek as the out standing representatives), the contribution of American institutionalism - from Veblen to Galbraith - the development of modern Marxian political economy and the economic philosophy behind the public choice' approach to political economy are examined in detail in Part One. Part Two surveys the methodology of politico-econometric modelling and the economic significance of property and legal systems, whilst David Whynes himself compares the orthodox and the political economy paradigms in the context of the analysis of international relations. Finally, the ideas developed throughout the book are pulled together, and answers are put forward to the question which informs it what is political economy?