Comparative political economy and varieties of macroeconomics

Lucio Baccaro and Jonas Pontusson

No 18/10, MPIfG Discussion Paper from Max Planck Institute for the Study of Societies

Abstract: This paper provides a historical overview of comparative political economy as an interdisciplinary field of study anchored in political science and focused on advanced capitalist states. We argue that this field of inquiry has reached an impasse and that a more sustained engagement with macroeconomics provides a way forward. Against this backdrop, we review two distinct traditions of macroeconomics - New Keynesian and Post-Keynesian macroeconomics - and discuss their relative merits as vehicles for renewing the research agenda of comparative political economy.

Keywords: comparative capitalisms; comparative political economy; growth models; macro-economics; varieties of capitalism; Makroökonomie; Spielarten des Kapitalismus; Vergleichende Kapitalismusforschung; Vergleichende Politische Ökonomie; Wachstumsmodelle (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-hpe and nep-pke
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:mpifgd:1810

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