The Four Theoretical Frameworks for the Study of Political Economy

Abstract

This article illustrates four theoretical approaches for the study of political economy namely, the Grassroots Innovations for Sustainable Development, the Community Network Concept, the Elinor Ostrom’s Social Capital Concept, and the concept of Group Action For Social Change (Transformative Collective Action). This article aims to present these theories as a contribution to anyone who are interested in the study of political economy and to apply those theories in the case studies deemed appropriate. Therefore, this article believes that those four theories will provide a theoretical explanation regarding the political economy such as the Grassroots Innovation Processes for Sustainable Development, the Community Network System, the concept of Social Capital Group Action for Social Change, etc. as a guidance for those who are interested in the political economy.