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Prelude to Political Economy - A Study of the Social and Political Foundations of Economics | Oxford Scholarship Online
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Prelude to Political Economy: A Study of the Social and Political Foundations of Economics

Kaushik Basu


This book seeks to provide a better understanding of the state, the law, social norms, and the role of policy advise. It subscribes to the discipline of positive political economy, but also looks at the social situations that lie beyond economics and politics. It is divided into the five parts. Part I presents a primer on game theory. Part II raises the argument than an economy or market is embedded in a social setting, with all its attendant norms, institutions, and beliefs. Part III explores the idea of “the state” and laws. Part IV discusses selected topics on welfare economics. Part V argu ... More

Keywords: positive political economy, economics, politics, game theory, state, law, welfare economics, rationality calculus

Bibliographic Information

Print publication date: 2000 Print ISBN-13: 9780198296713
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198296711.001.0001


Affiliations are at time of print publication.

Kaushik Basu, author
Cornell University