The New Political Economy

Graeme Snooks

Chapter 15 in Longrun Dynamics, 2000, pp 203-212 from Palgrave Macmillan

Abstract: Abstract As the institutional structure of society provides the vehicle for a growing economy, any satisfactory dynamic theory must be able to explain political as well as economic change. While this is important in the case of developed societies, it is absolutely essential for lesser developed societies.1 The fact that orthodox economics has not been able to develop a dynamic theory to explain both economic and political change is a major limitation, not only in understanding the real world, but also in providing a basis for policy. The new political economy, true to its neoclassical foundations, provides only a comparative—static analysis of the interaction between special-interest groups and governments on distributional issues.

Keywords: Political Economy; Political Change; Neoclassical Economic; Constitutional Rule; Neoclassical Theory (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59939-0_15

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230599390

DOI: 10.1057/9780230599390_15

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().