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Coevolving Relationships between Political Science and Economics


  • Elinor Ostrom

    (Indiana University)


During the last 50 years, at least four interdisciplinary developments have occurred at the boundaries of political science and economics that have affected the central questions that both political scientists and economists ask, the empirical evidence amassed as a new foundation for understanding political economies, and new questions for future research. These include: (1) the Public Choice Approach, (2) the Governance of the Commons debate, (3) New Institutional Economics, and (4) Behavioral Approaches to Explaining Human Actions. In this short essay, I briefly review the challenges that these approaches have brought to political science and some of the general findings stimulated by these approaches before identifying some of the major issues on the contemporary agenda.

Suggested Citation

  • Elinor Ostrom, 2012. "Coevolving Relationships between Political Science and Economics," Rationality, Markets and Morals, Frankfurt School Verlag, Frankfurt School of Finance & Management, vol. 3(54), May.
  • Handle: RePEc:rmm:journl:v:3:y:2012:i:54

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    References listed on IDEAS

    1. Coleman, Eric A. & Steed, Brian C., 2009. "Monitoring and sanctioning in the commons: An application to forestry," Ecological Economics, Elsevier, vol. 68(7), pages 2106-2113, May.
    2. repec:cup:apsrev:v:86:y:1992:i:02:p:404-417_08 is not listed on IDEAS
    3. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135-135.
    4. repec:cup:apsrev:v:87:y:1993:i:03:p:702-713_10 is not listed on IDEAS
    5. Gintis, Herbert, 2000. "Beyond Homo economicus: evidence from experimental economics," Ecological Economics, Elsevier, vol. 35(3), pages 311-322, December.
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    Cited by:

    1. Bruno S. Frey & Lasse Steiner, 2012. "Political Economy: Success or Failure?," Contemporary Economics, University of Finance and Management in Warsaw, vol. 6(3), September.


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