Radicals use the term "political economy" instead of __________ to describe their critique of capitalism and the inequitable distribution of wealth among nations.

Question

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Radicals reject the traditional economic theories, including laissez-faire, public-choice, and Keynesianism, as inadequate to explain the structural inequalities generated by the capitalist system. Instead, they draw heavily on Marxist analyses to develop a "political economy" critique of capitalism, which focuses on the political and social factors that shape economic relations and outcomes.

Radicals Use the Term "Political Economy" Instead of __________ to Describe