Mosco is one of the leading authorities on the academic body of knowledge that gives this book its title. It's qualified for the expansive title because Mosco has created a convenient and authoritative text on the theoretical side of the field. An informative introduction describes the field of political economy in communications, and its place in theoretical history. This is followed by a useful and probably groundbreaking deconstruction of the field into the sub-theories of commodification, spatialization, and structuration, while the book ends with useful tie-ins connecting the theories to associated fields like cultural studies. These theoretical concepts are fascinating for those learning about the structure of mass communications, and its effects on politics and the economy.
The problem with this book is that the field of political economy (and not just as applied to communications) is meant to lead to real world activism and results, which can develop from an understanding of base theories. Such potential is mostly missing from this book. Other more worldly authors in this field such as Ben Bagdikian and Robert McChesney (dealing with the loss of localism due to media ownership patterns, and the affects on popular democracy from media power structures, respectively) are recommended as examples of the powerful real-world possibilities of the political economy of communications. Instead Mosco sticks with windy and obtusely written theoretical contortions that are unlikely to have much usefulness outside of academia. An example of this can be seen early in the book: "The specification of mutual constitution grows out of the relationship between one's theoretical formulation and empirical investigation." This sentence is actually in the (relatively) straightforward introduction, and is a portent of the writing style to come, in which obtuse theory clouds the powerful possibilities of the field. [~doomsdayer520~]