Political Economy in a Broad Sense: Marxism and World-System Analysis

Overview & Synopsis

The article draws attention to the question of non-linear character of formation development in Marxist political economy in a broad sense (F. Engels, A. Bogdanov and I. Stepanov) and draws parallels between Marxist historicism in political economy and the concept of capitalist economy of F. Brodel – I. Wallerstein. The author makes suggestion about the possible development of political economy in a broad sense in the XXI century on the basis of the world-system analysis.