The Structure and Operation of Modern Economies

Alessandro Romagnoli

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Hardback

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English

Routledge
17 November 2023

Economic theory & philosophy; Macroeconomics; Political economy

Series: Routledge Frontiers of Political Economy

This book is about the economy rather than economics. It explores the structures, inner workings and problems of modern economies, showing how the organisations and networks that shape the structure of the economy are arranged to provide society with goods and services.

At the centre of the analysis there is the economic system, characterised by organisational components carrying out economic functions (production, consumption, distribution, and establishment and control of the economic activities as well as provision of public goods and services) and by a co-evolving dynamic with the state. The economic system is thus a ‘machine’ that modern states have organised through their laws and international agreements. The book incorporates a historical approach which reveals the varieties, structure and evolution of capitalism as the defining economic system of the modern age. Ultimately, the book demonstrates that the economic sphere and the political sphere are the two powers ruling people’s lives: the economy is the result of their interactions.

This book will be of great interest to readers in political economy, economics, sociology and political science.

By: Alessandro Romagnoli
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 790g
ISBN: 9781138931527
ISBN 10: 1138931527
Series: Routledge Frontiers of Political Economy
Pages: 322
Publication Date: 17 November 2023
Audience: College/higher education , Primary , A / AS level
Format: Hardback
Publisher's Status: Active

Alessandro Romagnoli is Alma Mater Professor of the University of Bologna (Italy), where he taught economics of the firm, economic development in the Middle East and North Africa and economic system analysis. His research interests encompass productive processes and firm structural evolution in agricultural and industrial sectors, the development process of the Middle East and North Africa and the structure of economic systems.

Reviews for The Structure and Operation of Modern Economies

“Many authors have attempted to overcome the well known methodological shortcomings of traditional mainstream economics: methodological individualism, externalisation of society, abstract rational agents. Romagnoli creates a forceful attempt to overcome these by taking a unique approach, that of systems theory!” -Zoltan Pogatsa