Perspectives on Positive Political Economy

Perspectives on Positive Political Economy

by James E. Alt
     
 

ISBN-10: 0521398517

ISBN-13: 9780521398510

Pub. Date: 09/28/1990

Publisher: Cambridge University Press

This volume serves as an introduction to the new field of positive political economy and the various economic and political processes with which it is concerned. Grounded in the rational-actor methodology of microeconomics, positive political economy is devoted to the dual analysis of the role of economic behavior in political processes and of political behavior

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Overview

This volume serves as an introduction to the new field of positive political economy and the various economic and political processes with which it is concerned. Grounded in the rational-actor methodology of microeconomics, positive political economy is devoted to the dual analysis of the role of economic behavior in political processes and of political behavior and constraints in economic exchange. The field has focused on three main subjects of study: models of collective action in industrialized democracies; the organization of markets and alternative mechanisms of exchange in the Third World; and the analysis of the role of transaction costs in the development and functioning of political and economic institutions. Developments in all of these areas are covered in the book. In the first part of the book, two chapters are devoted to explaining the evolution of the positive political economy approach; the first chapter focusing on microfoundations and the second on macrophenomena. In the second part of the book, three chapters demonstrate applications of the approach to the analysis of various forms of economic and political organizations. In the concluding section, four chapters discuss the research programs that have developed out of four different focuses of analysis: individual decision, exchange transactions, rent-seeking and indivisibilities.

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Product Details

ISBN-13:
9780521398510
Publisher:
Cambridge University Press
Publication date:
09/28/1990
Series:
Political Economy of Institutions and Decisions Series
Edition description:
New Edition
Pages:
268
Product dimensions:
5.98(w) x 8.98(h) x 0.63(d)

Table of Contents

Series editors' preface; Acknowledgements; Editors' introduction James E. Alt and Kenneth A. Shepsle; Part I. The New Political Economy: 1. The emerging discipline of political economy Peter C. Ordeshook; 2. Macropolitical economy in the field of development Robert H. Bates; Part II. Organizations, Transactions, and Opportunities: 3. Bargaining costs, influence costs, and the organization of economic activity Paul Milgrom and John Roberts; 4. Corporate culture and economic theory David M. Kreps; 5. Amenity potential, indivisibilities, and political competition Harold Demsetz; Part III. Reflections on Theoretical Foundations: 6. Political science and rational choice William H. Riker; 7. Institutions and a transaction-cost theory of exchange Douglas C. North; 8. The costs of special privilege Gordon Tullock; 9. Toward a unified view of economics and the other social sciences Mancur Olson; Notes; References; Index.

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