The new political economy strategy does not deal with a political ideology as a framework that must be analyzed. It seeks to make explicit assumptions that lead to political debates about societal preferences. Political science dissects and investigates ‘Power’ in all its aspects, subsequently it could be also considered as the Study/science of Power.
One problem in these debates is that the individuals are incessantly arguing about whether there is a non-neoclassical principle that must be reconstructed and utilized right now to explain capitalist economies. Some, such as Terry Peach, see classical economics as of antiquarian interest. Another place is that neoclassical economics is actually continuous with classical economics.
Many voters in these areas consider that international competitors contributed to manufacturing decline. This helps explain why presidential candidates have turn out to be more and more protectionist, although most Americans support openness to commerce. With the Great Depression and issues … Read More