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The new political economy

Besley, Timothy (2007) The new political economy. The Economic Journal, 117 (524). F570-F587. ISSN 0013-0133

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Identification Number: 10.1111/j.1468-0297.2007.02097.x


The aim of the New Political Economy is to understand important issues that arise in the policy sphere.1 It is not, as is occasionally hinted, an effort by economists to colonise political science. Rather, the main concern is to extend the competence of economists to analyse issues that require some facility with economic and political decision making. At the margin, the New Political Economy reverses the split that occurred between the disciplines of economics and political science at the end of the nineteenth century. This article is not a survey of the field. It is a selective and personal view of some of the themes in the literature. It is framed more as a manifesto presented in the hope that somebody who encounters these ideas for the first time here might be tempted to delve further into the literature and even contribute to it.

Item Type: Article
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Additional Information: © 2007 John Wiley & Sons
Divisions: Economics
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: H - Public Economics > H2 - Taxation, Subsidies, and Revenue
Date Deposited: 30 Mar 2011 13:22
Last Modified: 20 Feb 2021 04:05

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