One outcome of the declining economic growth and rising political
conflict of the 1980s has been a renewed interest in political
theory and increased questioning about the durability of the
capitalist state. More and more political scientists are critically
assessing the prevailing pluralist vision of the relationships
between the state and the economy. Is the capitalist state able to
adjust to crises and contradictions? What is the role of the state
in changing--deteriorating--economic circumstances? How should we
understand competing interpretations on the relative autonomy of
the state, the nature of property rights, the legitimation crisis?
This collection of five original essays by seven of the best-known
political-economy theorists addresses the interconnections between
the economy and the polity and embodies the leading theoretical
approaches to the political economy of the state.
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