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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

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

A. B. Atkinson (Contributor Webpage)

Oxford University Press

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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