Theory of Critical Political Economy

The Theory of Critical Political Economy examines how economic systems and structures influence power, inequality, and societal development. It critiques mainstream economics by considering not just markets and prices, but also social, political, and cultural factors that shape economic outcomes. This approach aims to uncover underlying power dynamics and promote more equitable and sustainable economic practices, emphasizing that economic activity is intertwined with political and social interests rather than being purely driven by market forces. Overall, it seeks to critically analyze how economic systems serve certain groups and how they can be transformed for social justice.