A Plea for Political Economy
As markets, trade, politics, and international relations become increasingly interconnected, mainstream economics finds itself at an intellectual crossroads. Reviving the classical tradition of political economy would provide the theoretical tools needed to study – and perhaps finally understand – our rapidly changing world.
https://prosyn.org/iFxMUOC
NEW YORK – The world economy is at a turning point. As global supply chains face increasingly frequent disruptions, the structures underpinning markets and international trade are unraveling, leading to economic instability which, in turn, is spilling over into other domains and fueling conflict and political polarization.