Abstract Following the advent of political economy, various groups of thinkers generated their own variations, generating the four main perspectives of political economy: Classical Liberalism, Modern Liberalism, Conservativism, and Radicalism. Each perspective has its own ideal commerce scenario, and its own thoughts on how government and economy should mix and...

The encounter of traditional liberal political economy with the so-called radical school gave birth in the 18th and 19th centuries to some of the most powerful social critiques and social movements in history. From the French to the Russian Revolution, the influence of a radical tradition represented by Jean-Jacques Rousseau...

The classical liberalism doctrine holds that all individuals have natural rights. The existence of certain natural rights brings with it the assertion that individuals have certain minimums that must be guaranteed by a government. For example, a natural right to liberty means that a government should not imprison people for...

Some political conservatives believe that the economic crash of 2008 is more-or-less behind us now; and that, while recovery has been slow, no one should be upset with how the economy is doing at this point. They further maintain that it would be irrational to be anxious, upset, or angry...

THE REAL ECONOMY IN THE LONG RUN Abstract Productivity is an important concept in economics as it guides the management in delivering value to the firm’s stakeholders. The productivity of an economy is mainly determined by the nature of businesses and their operations. China’s economy has experienced rapid growth in...