From ‘What Is New Political Economy’ to ‘Why Is Everything New Political Economy?’

The Center for the History of Political Economy Working Paper Series at Duke University, 2018-16

29 Pages Posted: 14 Nov 2018

Date Written: October 22, 2018

Abstract

In this paper I aim to try defining New Political Economy (NEP) as the economic study of politics, with a macroeconomic focus. It emerged from the influences mainly from the criticism of theory of economic policy, political business cycle research, public choice theory and new institutional economics. Due to its ample nature, different economists have different understandings of what it is, and their definitions may clash against each other. This article aims to be a contribution to dissipate this confusion.

Keywords: political economy; new political economy; public choice; new institutional economics; political economics; political macroeconomics; theory of economic policy; political business cycles; economics and politics; positive political economy

JEL Classification: B22; B25; D7

Suggested Citation

Almeida, Rafael Galvão de, From ‘What Is New Political Economy’ to ‘Why Is Everything New Political Economy?’ (October 22, 2018). The Center for the History of Political Economy Working Paper Series at Duke University, 2018-16. Available at SSRN: https://ssrn.com/abstract=3271179 or http://dx.doi.org/10.2139/ssrn.3271179

Rafael Galvão de Almeida (Contact Author)

Federal University of Minas Gerais (UFMG) ( email )

Av. Antonio Carlos, 6627
Belo Horizonte, Minas Gerais 31270-901
Brazil

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