The ABCs of Political Economy

The ABCs of Political Economy is an accessible introduction to modern political economy. While informed by the work of Marx, Keyens, Veblen, Kalecki, Robinson, Minsky and other great political economists, the ABCs provides readers with essential tools needed to understand economic issues today from a modern perspective. Dispelling myths about financial liberalization, fiscal austerity, globalization and free markets, the ABCs offers a critical perspective on our present system and outlines clear alternatives for the future. This second edition applies the analytical tools developed to help readers understand the origins of the financial crisis of 2007, 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. The second edition also applies tools developed to explain what is causing climate change and what will be required if it is to be resolved effectively and fairly.