Political Economy

This textbook offers a comprehensive approach to Political Economy in order to account for the empirical diversity of politics and economy. It combines comparative, international and historical perspectives into a holistic framework of analysis. Covering multiple levels of analysis from the individual firm, worker or consumer up to financial systems, the book demonstrates how abstract forms of capitalism manifest in concrete experiences and everyday activities. By applying a theory of capitalist phases, it offers a simple yet compelling perspective to account for the diverse changes and dynamics of political economies. Empirically rich, it offers a concise account of capitalist economies around the globe.