Unformatted text preview: TABLE 2 ClLF’lN / THE NATURE OF'POLlTlCAL ECONOMY 285 TABLE 1 I COMPARISON OF THE THREE CONCEPTIONS OF POLITICAL ECONOMY leeralism Marxism Mercantillsm "WW—WW
Nature of Harmonious - Conflictual Conflictuai economic relations
Nature of the Households Economic Nation-states actors and firms classes _
Goal of economic Maximization of Maximization of Maximization of activity global welfare class interests national interest
Relationship between Economics should Economics does Politics determines economics and determine politics determine politics economics politics
Theory of change Dynamic Tendency toward Shifts in the distribution equilibrium disequilibrium of power ...
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- Fall '09