By Bernardo Creamer
The ‘Prezi’ presentation “Copy of Three Ideologies of Political Economy”, used in class, is based on the ideas contained in the book by R Gilpin about political economics. Gilpin states that there are three ideologies that differ over a wide variation of questions such as:
- What is the importance of the market for economic growth and distribution of wealth among groups and societies?
- What should be the role of markets in the organization of society to domestic and international level ?
- What is the effect of the market system in matters like war and peace?
By which the author premised that the three ideologies (economic liberalism, economic nationalism, and Marxism) …show more content…
Therefore, the essence of the Marxist critique of capitalism is that even though the individual is rational capitalist, the capitalist system itself is irrational. Similarly, Marxism in its variants presented as economic development has been uneven at international level because of the capitalist empires, as well as the internal development of the capitalist system of social classes has been uneven.
Socialists tend to place a lot of attention to political issues such as production of wealth and fair distribution of resources. While liberal economists tend to be blind to the issue of distribution of wealth, and nationalist economists are primarily concerned about the international arrangements and distribution of wealth, the socialists are concerned with both domestic and international effects of the market economy in the distribution of …show more content…
Perhaps this is because by limiting ideology have remained in the class struggle and in destructive criticism of capitalism without having implemented an alternative that would not lock communist economies and the Socialists themselves as denial a system of capitalist world market. In the next chapter brings to discussion the dynamics that occur in international political economy and will be presented shortly. For a society to be efficient, as socialist economies have discovered, relevant economic "laws" cannot be left aside entirely. The fact that socialism has no economic tendency to expand internationally can be seen as a weakness in the modern globalized world. In a Communist economy, investment and consumption are primarily determined by the national plan and even more, the state has a monopoly on all foreign exchange, which creates at times clumsy or inefficient economic