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A New Handbook of Political Science$
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Robert E. Goodin and Hans-Dieter Klingemann

Print publication date: 1998

Print ISBN-13: 9780198294719

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198294719.001.0001

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Political Economy, Old and New

Political Economy, Old and New

Chapter:
(p.702) Chapter 31 Political Economy, Old and New
Source:
A New Handbook of Political Science
Author(s):

A. B. Atkinson (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198294719.003.0031

Considers what was old about political economy and questions the new. The transition from old to new represents a move from economics to political economy, in which the latter includes the approach of public choice, a new interaction between economists and political scientists, and a rapid growth of interest in the political economy approach. Three areas of contribution in new political economy: the role of institutions, rational choice analysis, and the deployment of empirical evidence are questioned, respectively, for their exogeneity, application, and demonstrability.

Keywords:   exogeneity, institutions, political economy, public choice, rational choice

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