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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)
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4.01  · 
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 ·  121 ratings  ·  15 reviews


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Jennifer
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
Rob
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
Matt
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
...more
Karina
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
Tom
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.
Dominik
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!
Evan
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.
Brian
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
...more
Doug
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."
Adele
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.
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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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