The New Political Economy
نویسنده
چکیده
It is a great honour to give this years Keynes lecture. I have chosen as my subject the New Political Economy, a body of research and thinking that has ourished in the past fteen years or so at the interface between economics and politics. At the margin the New Political Economy reverses the split that occurred between the disciplines of economics and political science at the end of the nineteenth century. The aim of the New Political Economy is to understand important issues that arise in the policy sphere.1 It is not, as is occasionally hinted, an e¤ort by economists to colonize political science. Rather, the main concern is to extend the competence of economists to analyze issues that require some facility with economic and political decision making. This lecture is not in any sense a survey of the eld. It is a highly selective and personal view of the motivation behind the eld and some of the key themes that link the literature. Thus, it represents a manifesto presented in the hope that somebody who encounters these ideas for the rst time here might be tempted to delve further into the literature and even contribute to it.
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