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Makes Ebook for Political Economy in Macroeconomics Unique?
Originally, economics was called political economy, and those studying it readily accepted that economic decisions are made in a political world. But economics eventually separated itself from politics to pursue rigorous methods of analyzing individual behavior and markets. Recently, an increasing number of economists have turned their attention to the old question of how politics shape economic outcomes. To date, however, this growing literature has lacked a cogent organization and a unified approach. Here, in the first full-length examination of how political forces affect economic policy decisions, Allan Drazen provides a systematic treatment, organizing the increasingly influential “new political economy” as a more established field at the highly productive intersection of economics and political science.
Although he provides an extraordinarily helpful guide to the recent explosion of papers on political economy in macroeconomics, Drazen moves far beyond survey, giving definition and structure to the field. He proposes that conflict or heterogeneity of interests should be the field’s essential organizing principle, because political questions arise only when people disagree over which economic policies should be enacted or how economic costs and benefits should be distributed. Further, he illustrates how heterogeneity of interests is crucial in every part of political economy. Drazen’s approach allows innovative treatment–using rigorous economic models–of public goods and finance, economic growth, the open economy, economic transition, political business cycles, and all of the traditional topics of macroeconomics.
This major text will have an enormous impact on students and professionals in political science as well as economics, redefining how decision makers on several continents think about the full range of macroeconomic issues and informing the approaches of the next generation of economists.
Ebook for Political Economy in Macroeconomics is an incredible study overview that exceeds and beyond what is commonly expected. The thorough construction of this resource, which incorporates intellectual understandings with functional methods to examination prep work, makes it an exceptionally helpful instrument for trainees. This guidebook, which was written by $_authors$, that are well-regarded academics in their respective areas, and released by $_publisher$ on $_publish_date$, is an important resource for anyone who is functioning towards accomplishing achievement in Test bank, Solution manual.
Originally, economics was called political economy, and those studying it readily accepted that economic decisions are made in a political world. But economics eventually separated itself from politics to pursue rigorous methods of analyzing individual
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