The New Political Economy

18 Pages Posted: 27 Nov 2007

See all articles by Timothy J. Besley

Timothy J. Besley

London School of Economics & Political Science (LSE) - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Date Written: 0000

Abstract

The aim of the New Political Economy is to understand important issues that arise in the policy sphere. It is not, as is occasionally hinted, an effort by economists to colonize political science. Rather, the main concern is to extend the competence of economists to analyze issues that require some facility with economic and political decision making. At the margin, the New Political Economy reverses the split that occurred between the disciplines of economics and political science at the end of the nineteenth century. This article is not a survey of the field. It is a selective and personal view of some of the themes in the literature. It is framed more as a manifesto presented in the hope that somebody who encounters these ideas for the first time here might be tempted to delve further into the literature and even contribute to it.

Suggested Citation

Besley, Timothy J., The New Political Economy (0000). The Economic Journal, Vol. 117, Issue 524, pp. F570-F587, November 2007. Available at SSRN: https://ssrn.com/abstract=1032368 or http://dx.doi.org/10.1111/j.1468-0297.2007.02097.x

Timothy J. Besley (Contact Author)

London School of Economics & Political Science (LSE) - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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Centre for Economic Policy Research (CEPR)

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