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The Strategic Model of Politics and Policy

In: Longrun Dynamics

Author

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  • Graeme Donald Snooks

    (Australian National University)

Abstract

A major limitation of neoclassical economic theory, which dates back to the late nineteenth century, is an inability to model both economic and political change. Chapter 3 made it clear that the neoclassical growth model has nothing to say about the political process. Even the new political economy, which emerged in the 1970s and 1980s, involves only the application of static neoclassical theory to an analysis of policy formulation. It is also theoretically indeterminate in the sense that it contains no criteria for discriminating between a large number of possible theoretical forms. And it is totally divorced from the economic growth literature. An attempt will be made in this chapter to show how economic and political change can be related, by employing the dynamic-strategy model.

Suggested Citation

  • Graeme Donald Snooks, 2000. "The Strategic Model of Politics and Policy," Palgrave Macmillan Books, in: Longrun Dynamics, chapter 16, pages 213-231, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59939-0_16
    DOI: 10.1057/9780230599390_16
    as

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