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Politics
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The three Approaches of International Political Economics (IPE)
1 Introduction
Which are the approaches in the IPE and how do they explain the global economy? This question, and other are covered by this analytical paper.
2 Liberalism-Utopism?
Political economists as Adam Smith (1723-1790), David Richardo (1772-1823), John Stuart Mill (1806-1873) and John Maynard Keynes (1883-1946) are all classified as economical liberalists . Liberalism's believe in the guiding influence of free markets. The simple idea of liberalism is liberty under the law; the view of human nature extends to an analysis of international affairs. Economics and politics should be separated, and the government should not interfere in the market. Adam Smith mentions
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