The decline and rise of political economy

Political economy and Public Choice emerged in the mid-1960s as sub-disciplines involving economists, political scientists, and legal scholars. Interestingly, political economy was present at the birth of these fields of inquiry but was displaced by new specialized disciplines. This essay offers an...

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Published in:European Journal of Political Economy 1990, Vol.6 (2), p.165-179
Main Author: Yandle, Bruce
Format: Article
Language:English
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Political economy
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description Political economy and Public Choice emerged in the mid-1960s as sub-disciplines involving economists, political scientists, and legal scholars. Interestingly, political economy was present at the birth of these fields of inquiry but was displaced by new specialized disciplines. This essay offers an economic explanation of the decline and rise of political economy. The theory presented suggests that political economy experiences a rebound following periods of increased government intervention. But instead of inducing further specialization, the impulse leads to unification within and among disciplines.
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source International Bibliography of the Social Sciences (IBSS); Backfile Package - Economics, Econometrics and Finance (Legacy) [YET]
subjects Political economy
title The decline and rise of political economy
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