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The New Political Economy

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  • Timothy Besley

Abstract

The aim of the New Political Economy is to understand important issues that arise in the policy sphere. -super-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. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007.

Suggested Citation

  • Timothy Besley, 2007. "The New Political Economy," Economic Journal, Royal Economic Society, vol. 117(524), pages 570-587, November.
  • Handle: RePEc:ecj:econjl:v:117:y:2007:i:524:p:f570-f587
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    Cited by:

    1. Alessandro Petretto, 2015. "Le specificità dei processi di revisione della spesa pubblica locale," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2015(1), pages 157-175.
    2. Stefan Voigt, 2011. "Positive constitutional economics II—a survey of recent developments," Public Choice, Springer, vol. 146(1), pages 205-256, January.
    3. Voigt, Stefan, 2011. "Empirical constitutional economics: Onward and upward?," Journal of Economic Behavior & Organization, Elsevier, vol. 80(2), pages 319-330.
    4. Vladimir D. Matveenk, 2011. "Interests of Social Groups, Direction of Technical Progress, and Barriers to Development: How Sustainable is the World Economic Growth?," DEGIT Conference Papers c016_047, DEGIT, Dynamics, Economic Growth, and International Trade.
    5. Carlos Renato De Melo Castro & Michael Christian Lehmann, 2016. "Gasto Público E Organização Legislativa: Evidência Da Lei 1/N Para O Brasil," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 058, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    6. Majah-Leah Ravago & James Roumasset, 2009. "Economic Policy for Sustainable Growth and Development vs. Greedy Growth and Preservationism," Working Papers 200909, University of Hawaii at Manoa, Department of Economics.
    7. Peter Lloyd & Cassey Lee, 2016. "A Review of the Recent Literature on the Institutional Economics Analysis of the Long-Run Performance of Nations," Department of Economics - Working Papers Series 2019, The University of Melbourne.
    8. Yongjing Zhang & Mei Wang, 2014. "Towards Behavioral Political Economy of Institutional Change: With Field Facts from China," CESifo Working Paper Series 4956, CESifo Group Munich.
    9. Cruces, Guillermo & Perez-Truglia, Ricardo & Tetaz, Martin, 2013. "Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment," Journal of Public Economics, Elsevier, vol. 98(C), pages 100-112.
    10. Schnellenbach, Jan & Schubert, Christian, 2015. "Behavioral political economy: A survey," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 395-417.
    11. James Roumasset, 2010. "Wither the Economics of Agricultural Development?," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 7(1), pages 1-22, June.
    12. Paul Collier & Rick Van Der Ploeg & Michael Spence & Anthony J Venables, 2010. "Managing Resource Revenues in Developing Economies," IMF Staff Papers, Palgrave Macmillan, vol. 57(1), pages 84-118, April.
    13. Marcelin Joanis, 2011. "The road to power: partisan loyalty and the centralized provision of local infrastructure," Public Choice, Springer, vol. 146(1), pages 117-143, January.
    14. Schnellenbach, Jan & Schubert, Christian, 2014. "Behavioral public choice: A survey," Freiburg Discussion Papers on Constitutional Economics 14/03, Walter Eucken Institut e.V..
    15. Lucarelli, Stefano, 2008. "Cicli politici elettorali ed evoluzione del finanziamento della sanità italiana: uno studio di lungo periodo
      [Political Electoral Cycles and Evolution of Italian Health Care System Financing: a Lon
      ," MPRA Paper 28009, University Library of Munich, Germany.
    16. Maria Tyshchenko, 2014. "Methodological Problems Of Modern Political Economy Subject," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 9(4), pages 103-110, December.
    17. repec:kap:policy:v:51:y:2018:i:1:d:10.1007_s11077-017-9297-x is not listed on IDEAS
    18. Chaudhry, Ahmed & Mazhar, Ummad, 2018. "Political competition and economic performance: Empirical evidence from Pakistan," Economics Discussion Papers 2018-27, Kiel Institute for the World Economy (IfW).
    19. Veronica Coca, 2010. "The Impact of Rules on Economic Activity," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 15.

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