The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.
Robert GilpinThe core of the Marxist critique of capitalism is that although the individual capitalist is rational (as liberals assume), the capitalist system itself is irrational.
Robert GilpinStructuralism argues that a liberal capitalist world economy tends to preserve or actually increase inequalities between developed and less developed economies.
Robert Gilpin