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Political Economy in Macroeconomics PDF
By:Allan Drazen
Published on 2018-06-05 by Princeton University Press

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Originally, economics was called political 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 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 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 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 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 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 and finance, economic growth, the open economy, economic transition, political business cycles, and all of the traditional topics of macroeconomics. This major text will have an enormous impact on students and professionals in political science as well as economics, redefining how decision makers on several continents think about the full range of macroeconomic issues and informing the approaches of the next generation of economists.

This Book was ranked at 38 by Google Books for keyword Macroeconomics.

Book ID of Political Economy in Macroeconomics's Books is p_1ZDwAAQBAJ, Book which was written byAllan Drazenhave ETAG "FIgx1pZh7H4"

Book which was published by Princeton University Press since 2018-06-05 have ISBNs, ISBN 13 Code is 9780691188003 and ISBN 10 Code is 0691188009

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Book which have "775 Pages" is Printed at BOOK under CategoryBusiness and Economics

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