The Oxford Handbook of Political Economy

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Over its long lifetime, "political economy" has had many different meanings: the science of managing the resources of a nation so as to provide wealth to its inhabitants for Adam Smith; the study of how the ownership of the means of production influenced historical processes for Marx; the study of the inter-relationship between economics and politics for some twentieth-century commentators; and for others, a methodology emphasizing individual rationality (the economic or "public choice" approach) or institutional adaptation (the sociological version). This Handbook views political economy as a grand (if imperfect) synthesis of these various strands, treating political economy as the methodology of economics applied to the analysis of political behavior and institutions.

This Handbook surveys the field of political economy, with fifty-eight chapters ranging from micro to macro, national to international, institutional to behavioral, methodological to substantive. Chapters on social choice, constitutional theory, and public economics are set alongside ones on voters, parties and pressure groups, macroeconomics and politics, capitalism and democracy, and international political economy and international conflict.

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Editorial Reviews

From the Publisher

"This is an impressive book in every dimension."--Randall G. Holcombe, Public Choice

"The overall quality of writing and analysis is high, and the bibliographies are very valuable...Highly recommended."--Choice

"This volume comprises a thorough and definitive overview, written by the top people in the field, of the research frontier of political economy. It will be required reading for students, and essential reference material for scholars active in the field, for many years to come."--Avinash K. Dixit, John J. F. Sherrerd '52 University Professor of Economics, Princeton University

"The thoughtful essays in the Handbooks are far more than literature reviews. Scholars and students will find them to be a valusable resource for many years to come."--Morris P. Fiorina, Senior Fellow at the Hoover Institution and Wendt Family Professor of Political Science, Stanford Univeristy

Library Journal

Part of the ten-volume "Oxford Handbooks of Political Science" series, this weighty, intellectually stimulating volume features 14 thematic segments and 59 essay-style chapters by 74 field scholars. Weingast (Preferences and Situations) and Wittman (Economic Foundations of Law and Organization) address the numerous contradictory historical standards for political economics. Their broad scope allows for scholarly consideration of how sociology, psychology, and constitutional concerns influence government, finance, and their politically inextricable union. Essays are theory-laden and presume substantial background knowledge, two qualities that make this a reference geared toward specialists.

—Savannah Schroll Guz
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Product Details

  • ISBN-13: 9780199548477
  • Publisher: Oxford University Press
  • Publication date: 8/15/2008
  • Series: Oxford Handbooks Series
  • Edition description: New Edition
  • Pages: 1112
  • Product dimensions: 6.70 (w) x 9.80 (h) x 1.80 (d)

Meet the Author

Stanford University

University of California, Santa Cruz

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Table of Contents

Introduction: The Nature of Political Economy, Barry R Weingast and Donald Wittman
1. Overview: Voters, Candidates, and Parties, Stephen Ansolabehere
2. Rational Voters and Political Advertising, Andrea Prat
3. Candidate Objectives and Electoral Equilibrium, John Duggan
4. Political Income Redistribution, John Londregan
5. The Impact of Electoral Laws on Political Parties, Bernard Grofman
6. Overview: Legislatures and Parliaments in Comparative Context, Michael Laver
7. The Organization of Democratic Legislatures, Gary Cox
8. Coalition Governments, Daniel Diermeier
9. Bicameralism, Nolan McCarty and Michael Cutrone
10. Overview: Separation of Power, Rui De Figueiredo, Tonja Jacobi, and Barry R Weingast
11. Pivotal Politics, Keith Krebiel
12. Presidential Agenda Control, Charles Cameron
13. Politics, Delegation, and Bureaucracy, John Huber and Charles Shipan
14. The Judiciary, Mathew McCubbins
15. Overview: Constitutionalism, Russell Hardin
16. Self-Enforcing Democracy, Adam Przeworski
17. Constitutins as Expressive Documents, Geoffrey Brennan and Alan Hamlin
18. The Protection of Liberty, Property, and Equality, Richard Epstein
19. Federalism, Jonathan Rodden
20. Overview: Social Choice, Herve Moulin
21. A Toolkit for Voting Theory, Donald Saari
22. Interpersonal Comparisons of Well-Being, Charles Blackorby and Walter Bossert
23. Fair Division, Steven Brams
24. Overview: Structure and Coherence in the Political Economy of Public Finance, Walter Hettich and Stanley Winer
25. Fiscal Institutions, Juergen von Hagen
26. Voting and Efficient Public Good Mechanisms, John Ledyard
27. Fiscal Competition, David Wildasin
28. Overview:The Nonpolitics of Monetary Policy, Susanne Lohmann
29. Political Business Cycles, Robert Franzese
30. Voting and the Macroeconomy, Douglas Hibbs
31. The Political Economy of Exchange Rates, Lawrence Broz and Jeffry Frieden
32. Overview: Democracy and Capitalism, Torben Iverson
33. Inequality, Edward Glaeser
34. Comparative Perspectives on the Place of the State in the Economy, Anne Wren
35. Democratization, Anna Grzymala & Pauline Jones-Loung
36. Overview, Daron Acemoglu and James Robinson
37. Authoritarian Regimes, Stephen Haber
38. The Developmental State, Bob Bates
39. Constitutional Design and Economic Performance, Torsten Persson and Guido Tabellini
40. Economic Geogrpahy, Anthony Venables
41. Overview: International Political Economy: A Maturing Discipline, David Lake
42. National Borders and the Size of Nations, Enrico Spolaore
43. European Integration, Barry Eichengreen
44. Trade, Immigration, and Cross-Border Investment, Ronald Rogowski
45. Overview: Central Issues in the Study of International Conflict, Bueno de Mesquita
46. Ethnic Mobilization and Ethnic Conflict, James Fearon
47. Democracy, Peace, and War, Allan Stam and Dan Reiter
48. Anarchy, Stergios Skepardas
49. Economic Methods in Positive Political Theory, David Austen-Smith
50. Experiments in Political Economy, Thomas Palfrey
51. The Toolkit of Economic Sociology, Richard Swedberg
52. The Evolutionary Basis of Collective Action, Samuel Bowles and Herb Gintis
53. Questions About a Paradox: Are There Answers?, Kenneth Arrow
54. Politics and Social Inquiry: Retrospective on a Half Century, James Buchanan
55. The Future of Analytic Politics, Melvin Hinich
56. Modeling Party Competition in General Elections, John Roemer
57. Old Questions and New Answers about Institutions: The Riker Objection Revisited, Kenneth Shepsle
58. What's Missing from Political Economy?, Douglass C. North

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