The Magic is Lost

  • 2011-07-06
  • by Janis Berzins
Since when I was making my bachelor studies in Economics, I have developed a great interest in Political Economy. For readers from Eastern Europe, Political Economy usually is connected with Leninism-Stalinism, the distorted aberration of Marx’s ideas that gave base to the Soviet Union. However, Political Economy is more than this. It is the study of economic ideas and its relationship with social reality, including the influence of politics in economic life.Thus, it is not restricted to leftist ideas. Rather, socialist and communist ideas are part of the Political Economy&rsq...
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