This module provides an introduction to the theoretical foundations of the contemporary analyses of advanced capitalism. How have thinkers within politics and economics theorised and analysed the relationship between the two disciplines? Is it even possible to analytically distinguish between the two? The aim of this module is to answer these two questions by reference to the major theories within the field of political economy. The module analyses both classical and contemporary theories of political economy, and explores their continued relevance to understanding the development of advanced capitalism. Towards the end of the module we will consider some heterodox approaches brought to the fore by the onset of the ongoing financial and economic crisis and consider their relevance.

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