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  4. December 2000
  5. The "New Political Economy": Recent Books by Allen Drazen and by Torsten Persson and Guido Tabellini

Journal of Economic Literature

ISSN 0022-0515 (Print) | ISSN 2328-8175 (Online)

The "New Political Economy": Recent Books by Allen Drazen and by Torsten Persson and Guido Tabellini

  • Gilles Saint-Paul
Journal of Economic Literature
vol. 38, no. 4, December 2000
(pp. 915–925)
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Abstract

The last fifteen years have seen an explosion of contributions in the field of political economy. Two new books, Political Economy in Macroeconomics by Allan Drazen and Political Economy: Explaining Economic Policy by Torsten Persson and Guido Tabellini, organize this literature and evaluate what has been learned. Drazen mostly focuses on applications for macroeconomic policy, while Persson and Tabellini focus on the various tools that can be used to analyze the political process, and the institutional details of decision-making.

Citation

Saint-Paul, Gilles. 2000. "The "New Political Economy": Recent Books by Allen Drazen and by Torsten Persson and Guido Tabellini." Journal of Economic Literature, 38 (4): 915–925. DOI: 10.1257/jel.38.4.915

JEL Classification

  • E00 Macroeconomics and Monetary Economics: General
  • D72 Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
  • P16 Capitalist Systems: Political Economy