Chapter

Political Economy, Old and New

A. B. Atkinson

in A New Handbook of Political Science

Published in print September 1998 | ISBN: 9780198294719
Published online November 2003 | e-ISBN: 9780191599361 | DOI: http://dx.doi.org/10.1093/0198294719.003.0031
 Political Economy, Old and New

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Considers what was old about political economy and questions the new. The transition from old to new represents a move from economics to political economy, in which the latter includes the approach of public choice, a new interaction between economists and political scientists, and a rapid growth of interest in the political economy approach. Three areas of contribution in new political economy: the role of institutions, rational choice analysis, and the deployment of empirical evidence are questioned, respectively, for their exogeneity, application, and demonstrability.

Keywords: exogeneity; institutions; political economy; public choice; rational choice

Chapter.  4644 words. 

Subjects: Politics

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