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Political Economy in Macroeconomics by Allan Drazen, Originally, economics was called political economy, business economics economy and those studying it readily accepted that economic decisions are made in a political world. But economics eventually separated itself from politics to pursue rigorous methods of analyzing individual behavior business economics economy and markets. Recently, an increasing number of economists have turned their attention to the old question of how politics shape economic outcomes. To date, however, this growing literature has lacked a cogent organization business economics economy and a unified approach. Here, in the first full-length examination of how political forces affect economic policy decisions, Allan Drazen provides a systematic treatment, organizing the increasingly influential "new political economy" as a more established field at the highly productive intersection of economics business economics economy and political science. Although he provides an extraordinarily helpful guide to the recent explosion of papers on political economy in macroeconomics, Drazen moves far beyond survey, giving definition business economics economy and structure to the field. He proposes that conflict or heterogeneity of interests should be the field's essential organizing principle, because political questions arise only when people disagree over which economic policies should be enacted or how economic costs business economics economy and benefits should be distributed. Further, he illustrates how heterogeneity of interests is crucial in every part of political economy. Drazen's approach allows innovative treatment--using rigorous economic models--of public goods business economics economy and finance, economic growth, the open economy, economic transition, political business cycles, business economics economy and all of the traditional topics of macroeconomics. This major text will have an enormous impact on students andprofessionals in political science as well as economics, redefining how decision makers on several continents think about the full range of macroeconomic issues business economics economy and informing the approaches of the next generation of economists.
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Global Political Economy: Understanding the International Economic Order by Robert Gilpin, X This book is the eagerly awaited successor to Robert Gilpin's 1987 "The Political Economy of International Relations, the classic statement of the field of international political economy that continues to command the attention of students, researchers, business economics economy and policymakers. The world economy business economics economy and political system have changed dramatically since the 1987 book was published. The end of the Cold War has unleashed new economic business economics economy and political forces, business economics economy and new regionalisms have emerged. Computing power is increasingly an impetus to the world economy, business economics economy and technological developments have changed business economics economy and are changing almost every aspect of contemporary economic affairs. Gilpin's "Global Political Economy considers each of these developments. Reflecting a lifetime of scholarship, it offers a masterful survey of the approaches that have been used to understand international economic relations business economics economy and the problems faced in the new economy. Gilpin focuses on the powerful economic, political, business economics economy and technological forces that have transformed the world. He gives particular attention to economic globalization, its real business economics economy and alleged implications for economic affairs, business economics economy and the degree to which its nature, extent, business economics economy and significance have been exaggerated business economics economy and misunderstood. Moreover, he demonstrates that national policies business economics economy and domestic economies remain the most critical determinants of economic affairs. The book also stresses the importance of economic regionalism, multinational corporations, business economics economy and financial upheavals. Gilpin integrates economic business economics economy and political analysis in his discussion of "global political economy." He employs the conventional theory of international trade, insights from the theory of industrial organization,and endogenous growth theory. In addition, ideas from political science, history, business economics economy and other disciplines are employed to enrich understanding of the new international economic order. This wide-ranging book is destined to become a landmark in the field.
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