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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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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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References

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  8. Alesina, Alberto, 1987. "Macroeconomic Policy in a Two-Party System as a Repeated Game," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 102(3), pages 651-78, August.
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  10. Shang-Jin Wei, 1997. "Gradualism versus Big Bang: Speed and Sustainability of Reforms," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 30(4), pages 1234-47, November.
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Cited by:
  1. Vai-Lam Mui & Timothy N. Cason, 2004. "Uncertainty and Resistance to Reform in Laboratory Participation Games," Econometric Society 2004 Australasian Meetings, Econometric Society 1, Econometric Society.
  2. Ana Fernandes, 2008. "Endogenous Political Economy: On the Inevitability of Inefficiency under the Natural Resource Curse," Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft dp0802, Universitaet Bern, Departement Volkswirtschaft.
  3. Timothy N. Cason & Vai-Lam Mui, 2003. "Testing Political Economy Models of Reform in the Laboratory," American Economic Review, American Economic Association, American Economic Association, vol. 93(2), pages 208-212, May.
  4. 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.
  5. 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.

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