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The "New Political Economy": Recent Books by Allen Drazen and by Torsten Persson and Guido Tabellini

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  • Gilles Saint-Paul

Abstract

The last fifteen years have seen an explosion of contributions in the field of political economy. Two new books, Political Economy in Macroeconomics by Allan Drazen and Political Economy: Explaining Economic Policy by Torsten Persson and Guido Tabellini, organize this literature and evaluate what has been learned. Drazen mostly focuses on applications for macroeconomic policy, while Persson and Tabellini focus on the various tools that can be used to analyze the political process, and the institutional details of decision-making.

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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jel.38.4.915
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Bibliographic Info

Article provided by American Economic Association in its journal Journal of Economic Literature.

Volume (Year): 38 (2000)
Issue (Month): 4 (December)
Pages: 915-925

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Handle: RePEc:aea:jeclit:v:38:y:2000:i:4:p:915-925

Note: DOI: 10.1257/jel.38.4.915
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  1. Weingast, Barry R & Shepsle, Kenneth A & Johnsen, Christopher, 1981. "The Political Economy of Benefits and Costs: A Neoclassical Approach to Distributive Politics," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 642-64, August.
  2. Alberto Alesina & Nouriel Roubini & Gerald D. Cohen, 1997. "Political Cycles and the Macroeconomy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262510944, December.
  3. Van Wijnbergen, S., 1991. "Intertemporal Speculation , Shortages annd the Political Economy of Price Reform," Papers 9149, Tilburg - Center for Economic Research.
  4. Piketty, Thomas, 1995. "Social Mobility and Redistributive Politics," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 551-84, August.
  5. Alesina, Alberto, 1987. "Macroeconomic Policy in a Two-party System as a Repeated Game," Scholarly Articles 4552531, Harvard University Department of Economics.
  6. Schmalensee, Richard, 1988. "Industrial Economics: An Overview," Economic Journal, Royal Economic Society, vol. 98(392), pages 643-81, September.
  7. Grossman, Herschel I., 1995. "Robin hood and the redistribution of property income," European Journal of Political Economy, Elsevier, vol. 11(3), pages 399-410, September.
  8. Shang-Jin Wei, 1997. "Gradualism versus Big Bang: Speed and Sustainability of Reforms," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 1234-47, November.
  9. Cohen, Daniel, 1999. "Welfare differentials across French and US labor markets $e_A general equilibrium interpretation," CEPREMAP Working Papers (Couverture Orange) 9904, CEPREMAP.
  10. Saint-Paul, Gilles, 2000. "The Political Economy of Labour Market Institutions," OUP Catalogue, Oxford University Press, number 9780198293323.
  11. Alex Cukierman, 1992. "Central Bank Strategy, Credibility, and Independence: Theory and Evidence," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262031981, December.
  12. Alesina, Alberto, 1987. "Macroeconomic Policy in a Two-Party System as a Repeated Game," The Quarterly Journal of Economics, MIT Press, vol. 102(3), pages 651-78, August.
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Cited by:
  1. Filoso, Valerio, 2008. "Sulla domanda di economia irrazionale: Naomi Klein vs. Milton Friedman
    [On the Demand of Irrational Economics: Naomi Klein vs. Milton Friedman]
    ," MPRA Paper 9452, University Library of Munich, Germany.
  2. Josten, Stefan Dietrich & Truger, Achim, 2003. "The political economy of growth and distribution: A theoretical critique," WSI Discussion Papers 111, Wirtschafts- und Sozialwissenschaftliches Institut (WSI), Hans-Böckler-Stiftung.
  3. Timothy N. Cason & Vai-Lam Mui, 2003. "Testing Political Economy Models of Reform in the Laboratory," American Economic Review, American Economic Association, vol. 93(2), pages 208-212, May.
  4. Cason, Timothy N. & Mui, Vai-Lam, 2005. "Uncertainty and resistance to reform in laboratory participation games," European Journal of Political Economy, Elsevier, vol. 21(3), pages 708-737, September.
  5. Ana Fernandes, 2008. "Endogenous Political Economy: On the Inevitability of Inefficiency under the Natural Resource Curse," Diskussionsschriften dp0802, Universitaet Bern, Departement Volkswirtschaft.

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