Does the recent history of the global political economy refute or vindicate Marx’s theories?

1) Which aspects of Smith’s approach remain relevant to understanding C21st global political economy and which are obsolete? 2) Does the recent history of the global political economy refute or vindicate Marx’s theories? 3) How far can Polanyi’s theory of the ‘double movement’ be applied to contemporary global political economy? 4) Does game theory provide a useful tool for understanding and overcoming coordination problems in the global political economy? Why or why not?

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