First published in 1982, Introduction to Political Economy is a clear and concise introduction to the normative aspects of economics by one of the world’s leading authorities on the subject. In this highly readable book, Professor Mishan takes the student to the heart of the subject without recourse to algebra and with only the simplest of diagrams. The author carefully distinguishes the various meanings of the terms political economy, normative economics, welfare economics and allocative economics. He considers the standard allocation rules and the crucial concepts of consumer surplus and rent, which are so important to cost-benefit analysis, while then going on to resolve the paradoxes of the efficiency criterion. Lastly, Professor Mishan assesses both the social worth of radical conservatism, which is associated with the Chicago School of Economics, and the relevance of the modern theory of welfare economics to social welfare.

First published in 1965, this is a reissue of the first volume in Professor Meade’s highly influential Principles of Political Economy, which aimed to provide an overview of economic analysis in light of contemporary developments in the subject. This volume is based on models of economic systems in which conditions are such as to make possible a state of perfect competition, in which there are no capital goods, in which consumers’ tastes, technical knowledge, and the size and composition of the goods are static.

"The present translation is based upon the third edition, published in Sweden after the death of the author."--V. 1, p. xviii. Bibliography at head of each section. v. 1. General theory.--v. 2. Money.

Marx’s Capital has of course been widely read; this revival of a systematic study by Geoffrey Pilling, originally published in 1980, argues powerfully that, in order to understand Capital fully, it is necessary to have read and understood Hegel’s Logic. This argument leads to a detailed examination of the opening chapters of Capital, and a re-examination of their significance for the work as a whole. Pilling emphasizes the fundamental nature of the break between Marx’s Capital and all forms of classical political economy, and stresses the revolutionary nature of Marx’s critique of political economy as one of the foundations of Capital. He also lays particular emphasis on the philosophical aspects of the work, so often neglected by British commentators, and puts forward the view that Marx’s notion of fetishism, often looked upon as incidental to his work, is in fact central to his entire critique of political economy.

This study, first published in 1986, provides a systematic account of the processes and structure of class formation in the major advanced capitalist societies. The focus is on the organizational mechanisms of class cohesion and division, theoretically deriving from a neo-Marxian perspective. Chapters consider the organization and structure of the ‘corporate ruling class’, the middle class and the working class, and are brought together in an overarching analysis of the organization of class in relation to the state and the economy. This title will be of particular interest to students researching the impact of recession on societal structure and the processes of political class struggle, as well as those with a more general interest in the socio-economic theories of Marx, Engels and Weber.

This book provides an accessible and engaging introduction to the study of political economy. It covers the basics of micro and macroeconomics, as well as the history of economic thought and the current state of economic theory. The author also explores the relationship between politics and economics, and how economic policies can impact political outcomes. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.