Paper $25.00 ISBN: 9780745334974 Published January 2015 For Sale in All Americas and the Caribbean except Canada
Cloth $110.00 ISBN: 9780745334981 Published January 2015 For Sale in All Americas and the Caribbean except Canada

The ABCs of Political Economy

A Modern Approach

Robin Hahnel

The ABCs of Political Economy

Robin Hahnel

Distributed for Pluto Press

352 pages | 8 figures | 5 1/4 x 8 1/2
Paper $25.00 ISBN: 9780745334974 Published January 2015 For Sale in All Americas and the Caribbean except Canada
Cloth $110.00 ISBN: 9780745334981 Published January 2015 For Sale in All Americas and the Caribbean except Canada
In the wake of the economic disasters of the past decade, perhaps we could all use a refresher course in economics to help us understand. The ABCs of Political Economy provides a lively and accessible introduction to modern political economy. In this compelling book, informed by the work of such eminent economic philosophers as Karl Marx, Thorstein Veblen, Michal Kalecki, Joan Robinson, and Hyman Minksy, Robin Hahnel provides the essential tools to comprehend today’s economic crises.
            Hahnel explains the origins of the financial crisis of 2008, the ensuing “Great Recession,” and why government policies in Europe and North America over the past six years have failed to improve matters for the majority of their citizens. It also helps explain the economic causes of climate change and what will be required if it is to be resolved effectively and fairly. The ABCs of Political Economy is perfect for anyone who wants to equip themselves with the ability to grasp as well as challenge existing preconceptions of political economy.
Contents

Preface to the Second Edition
1 Economics And Liberating Theory
2 What Should We Demand From Our Economy?
3 Efficiency and Economic Justice: A Simple Corn Model
4 Markets: Guided By An Invisible Hand Or Foot?
5 Microeconomic Models
6 Macroeconomics: Aggregate Demand As Leading Lady
7: Money, Banks And Finance
8 International Economics: Mutual Benefit Or Imperialism?
9 Macroeconomic Models
10: What Is To Be Undone? The Economics Of Competition And Greed
11: What Is To Be Done? The Economics Of Equitable Cooperation
Index

Review Quotes
Michael Perelman, California State University, Chico | CHOICE
"Hahnel has developed an especially powerful perspective by combining an education in conventional economic philosophy with an even more unusual capacity to apply his training to exploring ways that the economy and society could be reorganized in ways to increase human welfare rather than individual profits and increased personal consumption. The ABCs in the title should not be taken to imply a dumbed-down version of an important subject but rather a clear, coherent, and jargon-free explanatory sketch of how the rational society Hahnel envisions could work. . . . Highly recommended."
Noam Chomsky
“A contribution of great value.”
Nancy Folbre, Professor of Economics, University of Massachusetts
“Most economists worship the market, describing it as a fair, impersonal arbiter of efficiency. Hahnel brilliantly debunks this religion, providing powerful 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.”
Robert Pollin, Political Economy Research Institute, University of Massachusetts, Amherst
“Must our economic lives be dominated by greed and competition? Free market economists have long answered yes. The ABCs of Political Economy shows, however, that what they ‘know’ is not so. Hahnel writes with clarity, originality, verve, and a relentless moral passion.”
For more information, or to order this book, please visit http://www.press.uchicago.edu
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