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Introduction

In: Consistency and Viability of Capitalist Economic Systems

Author

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  • John Marangos

Abstract

If we are to understand, and form an opinion about, the restructuring process in any economy, it is essential to view the economic system in a broad social science context that incorporates economic and political relationships, as well as ideology, the external environment, and the process of reforms. To understand changes in an economic system, it is essential to analyze all the relationships that influence economic choices; therefore, we must examine the structure of the political authorities and the state, the prevailing ideology, and the external environment and the process of reform. The purpose of the analytical framework developed in this text is to remedy this neglect of the political and ideological elements, the external environment, and the process of reform, which has been explicit or implicit in the study of economic systems. By placing these structures endogenously in an analytical framework, we can incorporate all the elements that influence economic choices, decisions, and outcomes.

Suggested Citation

  • John Marangos, 2013. "Introduction," Palgrave Macmillan Books, in: Consistency and Viability of Capitalist Economic Systems, chapter 0, pages 1-8, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-08087-5_1
    DOI: 10.1057/9781137080875_1
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