Economic Thought 10 (2):28 (2022)

In this paper, I aim to discuss New Political Economy as a label for the economic analysis of politics, in the English language. The term 'political economy' itself, although it has ceased to be the preferred term by which economists refer to their discipline, it is still being used by a variety of scholars, especially for interdisciplinary research with political science, international relations and other social sciences. Marxist- inspired social scientists also have a claim on the term 'political economy'. The term gained relevance again with economists, in the 1950s, thanks to various critiques of orthodox economics, especially to the theory of economic policy and to economic planning. They ignored issues of political economy, such as the self- interest of politicians. The public choice movement revived these issues by applying rational choice theory to politics and preferred the label “public choice” to designate its movement. Scholars and traditions not affiliated with the public choice movement prefer the label ' political economy' to refer to their own economic analysis of politics. The search for a proper label is still ongoing, but they show how they can differentiate their objectives and affiliations.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 70,079
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

Public Choice Iii.Dennis C. Mueller - 2003 - Cambridge University Press.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles

The Economy and Pocock's Political Economy.Ryan Walter - 2008 - History of European Ideas 34 (3):334-344.
‘From Political Economy to Economics’ and Beyond.Steve Fleetwood - 2012 - Historical Materialism 20 (3):61-80.
Concept of Political Economy and Ukrainian Political Practice.A. Polischuk - 2015 - Epistemological studies in Philosophy, Social and Political Sciences 1:152-159.
The Idealization of Economic Reality in Classical Political Economy.Sergio Volodia Marcello Cremaschi - 1986 - In Evandro Agazzi, Marco Mondadori & Sandra Tugnoli Pattaro (eds.), Logica e Filosofia della Scienza, oggi. Volume 2. Bologna: CLUEB. pp. 257-262.
On a Universal Scale: Economy in Bataille’s General Economy.Asger Sørensen - 2012 - Philosophy and Social Criticism 38 (2):169-197.


Added to PP index

Total views
4 ( #1,277,971 of 2,506,112 )

Recent downloads (6 months)
4 ( #170,069 of 2,506,112 )

How can I increase my downloads?


My notes