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The ABCs of Political Economy: A Modern Approach

3.98  ·  Rating Details ·  99 Ratings  ·  13 Reviews
'Lucidly written, comprehensive in coverage, based on expert understanding and insight.' Noam Chomsky
Paperback, 320 pages
Published January 20th 2003 by Pluto Press (first published 2002)
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Jennifer
May 28, 2009 Jennifer rated it it was amazing
This is an overview of economic theory from the point of view of a radical political economist. Hahnel includes a few chapters with simple economic models -- by this I mean that he describes an aspect of an economic system in an equation or set of equations that illuminates the relationships between different aspects of the system; for example, in one model he demonstrates mathematically why, if resources are not distributed equally to begin with, a credit or wage market will tend to increase ef ...more
Willow L
Nov 14, 2016 Willow L rated it really liked it
sounds parecon but ok
Brian
Jun 02, 2015 Brian rated it liked it  ·  review of another edition
Shelves: economics
The book is a new and updated edition of a book written in 2002. In many ways it is timely in light of the fiscal crisis. He does a reasonable job of constructing simple models that would be familiar to neoclassical economists, but uses the models to draw very different conclusions about wealth and income distribution.

There are parts that are pretty dense, and in several cases the author refers to passages from the previous edition that were removed because they were tedious and impenetrable. N
...more
Rob
Jun 03, 2012 Rob rated it really liked it
(9/10) More than just an introductory textbook, what Robin Hahnel offers up with The ABCs of Political Economy is an entirely different starting place for economics. He lays the groundwork here for a kind of leftist economics system that escapes both the oversights of conventional capitalist economics and the formalism of Marxist approaches, creating a system which is primarily concerned with *gasp* the way in which people actually live. Before this I had written off contemporary economics as mo ...more
Tom
Sep 02, 2008 Tom rated it it was amazing
Shelves: economics
A fantastic overview of contemporary radical economics. Hahnel presents a solid framework for understanding the meaning of economic justice, a penetrating critique of markets and private ownership of the means of production, and a strong debunking of the myths about capitalist globalization. This book is an invaluable resource for leftists who want to effectively debate and analyze economic issues.
Dominik
Jan 19, 2016 Dominik rated it it was amazing
Several times I took up the challenge to read an economics introductory book. I've read "naked economic" before and Robin Hahnels book was way deeper but not as well written. Still I preferred The ABCs of Political Economy, as it explains a lot of relations in modern economics from a qualitative AND quantitative perspective. Also Robin Hahnel identifies the problems of modern economics and gives a guide how to change economics to make people more socially equal. Very nice book!
Doug
Mar 09, 2010 Doug rated it liked it
I passed over many of this book's chapters due to unshared economic assumptions and/or mathematical demands, but its chapter four on the Laws of Supply and Demand provided a wonderful explanation of the radical individualism inherent in free market analyses. This discussion will stick with me nicely.
Fatih  Karagöz
Dec 25, 2013 Fatih Karagöz rated it really liked it
Alternatif bir piyasa önerisi nasıl olur ve Adam Smith'den bu yana piyasada var olan aksaklıklar,türlü kandırmacalar nelerdir,bunları öğrenmek adına temel oluşturan güzel bir kitap...Ancak çok uç fikirlerin öne sürüldüğünü de kabul etmek lazım...
James Tracy
Feb 27, 2008 James Tracy rated it it was amazing
Robin Hahnel is clearly the best writer in the Parecon crew. Even if you don't agree with everything, his clarity and reasoning is always welcome. He manages to explain a host of economic models in a way where everyone can understand.
Jon Rossetti
Nov 29, 2016 Jon Rossetti rated it it was amazing  ·  review of another edition
A great alternative take on economics that does well to try and displace common economic assumptions in order to bring dogmatic economics back to the more substantial "political economy."
Adele
Nov 27, 2011 Adele rated it really liked it
One of books I read to get to know economy a little bit. Easy to read, even for people like me who never majored in economics.
Evan
Mar 04, 2013 Evan rated it it was amazing
Good read about the unwarranted assumptions of mainstream economic theory. Is more theoretical knowledge than practical. The chapters on micro and macro models are especially interesting.
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Robin Eric Hahnel (born March 25, 1946) is Professor of Economics at Portland State University. He was a professor at American University for many years and traveled extensively advising on economic matters all over the world. He is best known for his work on participatory economics with Z Magazine editor Michael Albert.

Hahnel is a radical economist and political activist. Politically he considers
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