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Issues in Positive Political Economy

May 9, 2002 No Comment

By Dr. S. Mansoob Murshed, 9 May 2002

Political economy – the original name for economics in its entirety – has in recent years witnessed a semantic broadening to include some of the preoccupations of classical economics. This intriguing collection of contributed work is concerned mainly with developments in the neo-classical tradition and examines the role played by rational choice in the decision-making processes of firms and the State.
Among the topics covered in this timely book are:
* the problems of the undemocratic centralization of power in European politics
* the problems facing economies in transition, for example Russia
* the problems of electoral uncertainty and why governments can be fiscally irresponsible.
With contributions from leading scholars including Tony Addison, Bruno Frey and Alan Rugman, this book is an important addition to the field of Political Economy and should become essential reading for all economists as well as policy makers.

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