Analytical Political Economy

The term Analytical Political Economy denotes formal, rigorous approaches--both theoretical and empirical--to economics that lie beyond the boundaries of conventional, mainstream analysis based on Walrasian general equilibrium. This book provides a series of articles that survey recent developments within the field and offers readers a wide range of topics and theoretical approaches that are critically and thoroughly reviewed. It offers a unique picture of recent developments including macroeconomic theories of growth and distribution; agent-based and stock-flow consistent models; financialization; Marxian price and value theory; exploitation theory; trade theory; the role of expectations and 'animal spirits' on macroeconomic performance; and empirical research in Marxian economics. Contributions are written according to the highest standards of rigor and clarity that characterize academic work and the book provides a comprehensive and well-organized survey of cutting-edge empirical and theoretical work covering an exceptionally wide range of areas and fields.