Rereading classical authors including Adam Smith, James Steuart, Adam Ferguson, Hegel, and Marx, it provides a systematic and fundamental cultural critique of political economy and critically describes the nature of the mainstream understanding of economics. Blaney and Inayatullah construct a powerful argument about how political economy and the capitalist market economy should be understood, demonstrating that poverty is a product of capitalism itself. They address the questions:
- Is wealth for some bought at the cost of impoverishing, colonizing, or eradicating others?
- What benefits of wealth might justify these human costs?
- What do we gain and lose by endorsing a system of wealth creation?
- Do even "savage cultures" contain values, critiques, and ways of life that the West still needs?
Opening the way for radically different policies addressing poverty and demanding a rethink of the connections between political economy and international relations, this thought-provoking book is vital reading for students and scholars of politics, economics, IPE and international relations.