Encyclopedia of Political Economy: 2-volume set

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Product Description

This groundbreaking Encyclopedia is the very first fully-refereed A-Z compendium of the main principles, concepts, problems, institutions, schools and policies associated with political economy. Based on developments in political economy since the 1960s, it is designed to provide a comprehensive introduction to the field as well as being an authoritative reference work. Undergraduates taking courses in political economy or graduate students coming to the field for the first time will rely on this work as a key point of reference and for direction in their further reading. This lucid work compares for the first time the disparate theories of political economy (e.g, Marxist, Feminist, Sraffian etc.) and emphasizes the application of their principles to real world problems such as inflation, unemployment, development and financial instability. The extensive international team of consultants and contributors has produced a monumental work with truly global perspective.

Encyclopedia of Political Economy: 2-volume set Review

Nowadays, a vast amount of complex information is offered to us. With the advent of the Internet and other forms of immediate communications so much information and perspectives are available. Unfortunately, new forms of knowledge replace old forms quite rapidly, and it's getting harder to find out which particular theory or idea is "truth" and which isn't. Therefore, as knowledge complexity and knowledge obsolescence rises, it's becoming increasingly difficult for human beings to understand the world we live in and solve the concoction of problems we face. But, there are bits of knowledge out there that seldom go out of date and stand the test of time; and it's sitting right here on my bookshelf, the Encyclopedia of Political Economy. To me, the Encyclopedia of Political Economy (EPE for short) is the best source of reference for political economy to date. It has been an invaluable authoritative reference source in my later undergraduate and postgraduate college studies of political economy. The EPE is an important landmark in scholarly development in political economy. My preference is the paperback edition as it is easy to flip through and has an attractive colorful front cover!

The EPE is an easy to use 2 volume set which is suitable as an introduction for concerned students and activists whom are interested in the social and political effects of economic policy. You should find the entries uncomplicated to understand, and after reading several of them you'll get use to the consistent format and feel that each one has. Any political economic issue you want to gain knowledge on is readily accessible. Various links on closely associated topics and further suggested readings are provided for all entries. For instance, throughout the text in the entry "environmental and ecological political economy: major contemporary themes", there are virtual hyperlinks to other areas of special interest: e.g. entropy; sustainable development; natural capital; or Ecological Economics. Plus, at the end of each section, related topics are provided to further direct the reader onto related areas of interest. For example, under the "gross domestic product and net social welfare" entry, some of the related topics such as "household production and national income" and "quality of life" have their own entry in the EPE. With over 450 essays on most aspects of political economy written by experts in the field, you would be sure to find what you are looking for.

In summary, we are faced with a large amount of choice in the information we accept as true. In the process we are forced to limit our choices of knowledge and select only the most relevant to what we value and believe. One of those things I value is a greater social welfare for all living creatures; the EPE contributors embrace this too. I personally give the EPE 5-stars. But you don't have to take my good word for it; here are some extracts from several reviews of the EPE, including one from the very prestigious Economic Journal.

* Journal of Economic Issues (vol 37, no 4, December 2003, pp. 1186-1188): "The publication of this encyclopedia underscores the extent to which political economy has come of age. ... This encyclopedia compares very favorably to the New Palgrave: A Dictionary of Economics (1987). ... When compared with The Concise Encyclopedia of Economics ..., this encyclopedia has more depth and a greater appreciation of the range of topics relevant to economics. ... This is an excellent reference source, well suited for the non-specialist seeking to understand political economy. It should be available in all university libraries and departments of economics or political economy" (Mayo Toruno, California State University - San Bernadino).

* Economic Journal (vol 110, no 467, November 2000, pp. F765-766): "These [issues] collectively constitute the life-blood of contemporary economic concerns and it is extremely useful to find within a single book a discussion of the major points that define these issues. ... [W]here the Encyclopedia of Political Economy comes into its own is in an institutionally richer treatment of topics ... To the growing number of persons who are interested in the broader context of economics, these volumes are to be highly recommended" (p. F767, vol 110, no 467, Nov 2000).

* Journal of Australian Political Economy, (no 43, 2000, pp. 148-149): "This handsome two-volume encyclopedia is an impressive stocktaking of the main concerns of political economy ... Certainly, the publication of this encyclopedia is a major landmark in the long march to develop an influential alternative to orthodox neoclassical economics" (no 43, 2000).

* History of Economics Review (no 37, Winter 2003, pp. 159-162): "It is a tribute to [O'Hara's] energy that the work was initially planned and organised by him ... There are indeed a number of useful and interesting articles. ... [T]his is a useful collection which will feature on the reading lists of many political economy courses and, hopefully as well, on the shelves of many research libraries in universities around the world" (Peter Groenewegan, University of Sydney, Australia).

* New Political Economy (vol 7, no 2, 2002, pp. 299-307 "Review Article"): "[This] encyclopedia tells an interesting story about [its] purported discipline's past, its current status and, more ambitiously, its future trajectory. ... The result is a well-demarcated intellectual legacy for political economy to draw upon in its efforts to reclaim a disciplinary mantle. ... [T]ese volumes provide ... the A-Z of our discipline, nicely condensed and sitting right there on our shelf. This is quite an achievement" (Randall D. Germain, University of Wales, UK)

* The European Journal of the History of Economic Thought (vol 7, no 3, 2000): "The Encyclopedia ... is ...a forum for innovative work. [M]ost of the essays ... seem to be thoughtfully and richly informed. [P]articularly the entries on money, credit and finance are worth reading. There are undoubtedly important points being made in these essays. Even the specialist in monetary theory will benefit from reading various portions" (Thomas Huth, Fachhochschulke Luneburg, Germany).

* Eastern Economic Journal (vol 29, no 4, Fall 2003, pp. 629-630): "All entries are organised in the same way. There is thus much formal unity and ... impressive editorial work has been done to this end. The entries are well written. ... I find this encyclopedia definitely original and interesting. It is also stimulating" (Michel De Vroey, Catholic University of Louvain, Belgium).

Most of the consumer Reviews tell that the "Encyclopedia of Political Economy: 2-volume set" are high quality item. You can read each testimony from consumers to find out cons and pros from Encyclopedia of Political Economy: 2-volume set ...