Goodreads helps you keep track of books you want to read.
Start by marking “The ABCs of Political Economy: A Modern Approach” as Want to Read:
The ABCs of Political Economy: A Modern Approach
Enlarge cover
Rate this book
Clear rating
Open Preview

The ABCs of Political Economy: A Modern Approach

4.01  ·  Rating details ·  121 ratings  ·  15 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)
More Details... Edit Details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about The ABCs of Political Economy, please sign up.

Be the first to ask a question about The ABCs of Political Economy

Community Reviews

Showing 1-30
4.01  · 
Rating details
 ·  121 ratings  ·  15 reviews

More filters
Sort order
Nov 05, 2008 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
Mar 13, 2012 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
Jun 17, 2019 rated it really liked it
[Note: this review is for the revised and expanded edition from 2014]

While not a 'rigorous' introduction to economics and political economy, Hahnel does a great job surveying a number of basic concepts and theories, as well as applications of some simple models to real-world problems for readers with little or no background in either economics or political economy.

Hahnel's objective is to pick out of mainstream economics what is of value to understanding issues ranging from the direction of tech
Aug 14, 2018 rated it really liked it
Markets and hierarchical decision making economize on the use of valuable but scarce human traits like 'feelings of solidarity with others, the ability to emphatize, the capacity for complex communication and collective decision making. But more importantly, we must consider about the trust and participation across all. Because markets bribe us with the lure of luxury beyond what others can have and beyond what we know we deserve. Markets reward those who are the most efficient taking advantage ...more
Aug 05, 2008 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.
Jan 19, 2016 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!
Feb 26, 2013 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.
Jun 02, 2015 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
Mar 09, 2010 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 11, 2013 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 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.
Willow L
Nov 14, 2016 rated it really liked it
sounds parecon but ok
Jon Rossetti
Nov 28, 2016 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."
Nov 27, 2011 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.
Michael A.
rated it really liked it
May 28, 2012
Alexander Nitecki
rated it it was amazing
Nov 30, 2014
David Cosentino
rated it it was ok
Nov 02, 2011
rated it really liked it
Mar 18, 2018
Terry Dyke
rated it liked it
Nov 28, 2008
rated it liked it
Sep 12, 2012
Jodi Akbar
rated it it was amazing
Nov 19, 2012
Zachary Welch
rated it it was amazing
Aug 07, 2010
Andre Guimond
rated it it was amazing
May 18, 2013
Alex Heim
rated it it was amazing
Nov 14, 2015
rated it liked it
Oct 24, 2016
rated it really liked it
Nov 20, 2010
rated it really liked it
Jul 28, 2011
rated it really liked it
Sep 05, 2018
rated it really liked it
Mar 13, 2011
rated it really liked it
Apr 07, 2008
« previous 1 3 4 5 next »
There are no discussion topics on this book yet. Be the first to start one »

Readers also enjoyed

  • Parecon: Life After Capitalism
  • The Economics of Global Turbulence: The Advanced Capitalist Economies from Long Boom to Long Downturn, 1945-2005
  • The Great Financial Crisis: Causes and Consequences
  • Self-Ownership, Freedom, and Equality
  • Workers' Councils
  • Debunking Economics - Revised and Expanded Edition: The Naked Emperor Dethroned?
  • A Force More Powerful: A Century of Non-violent Conflict
  • Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
  • Wall Street: How It Works and for Whom
  • Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political Systems
  • The Accumulation of Freedom: Writings on Anarchist Economics
  • Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems
  • Arab Spring, Libyan Winter
  • The Making of Global Capitalism: The Political Economy Of American Empire
  • ReORIENT: Global Economy in the Asian Age
  • Monopoly Capital: An Essay on the American Economic and Social Order
  • The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too
  • Ecological Economics: Principles And Applications
See similar books…
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