The New Comparative Political Economy

25 Pages Posted: 12 Dec 2005 Last revised: 25 Oct 2010

Peter J. Boettke

George Mason University - Department of Economics

Christopher J. Coyne

George Mason University - Department of Economics

Peter T. Leeson

George Mason University - Department of Economics

Frederic Sautet

The Catholic University of America (CUA) - Busch School of Business and Economics

Date Written: October 22, 2010

Abstract

With the collapse of communism in the late 1980s the field of comparative political economy has undergone major revision. Socialism is no longer considered the viable alternative to capitalism it once was. We now recognize that the choice is between alternative institutional arrangements of capitalism. Progress in the field of comparative political economy is achieved by examining how different legal, political and social institutions shape economic behavior and impact economic performance. In this paper we survey the new learning in comparative political economy and suggest how this learning should redirect our attention in economic development.

Keywords: Comparative economics, culture, economic development, institutions

JEL Classification: O10, P16

Suggested Citation

Boettke, Peter J. and Coyne, Christopher J. and Leeson, Peter T. and Sautet, Frederic, The New Comparative Political Economy (October 22, 2010). Review of Austrian Economics, Vol. 18, 2005. Available at SSRN: https://ssrn.com/abstract=869115

Peter J. Boettke (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

Christopher J. Coyne

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

Peter T. Leeson

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://www.peterleeson.com

Frederic E. Sautet

The Catholic University of America (CUA) - Busch School of Business and Economics ( email )

McMahon Hall
620 Michigan Ave, NE
Washington, DC 20064
United States

HOME PAGE: http://business.cua.edu/faculty/sautet.cfm

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