Download This PaperPolitical Economy
Forthcoming, Encyclopedia of Law & Economics (ed. by Alain Marciano & Giovanni B. Ramello), New York: Springer, 2018
16 Pages Posted: 12 Dec 2017 Last revised: 19 Jan 2018
Date Written: January 18, 2018
Abstract
The term "Political Economy" (PE) is mainly used in two related contexts. First, it is used to denote a multidisciplinary research field in which political scientists, economists, legal scholars, and other social scientists investigate the relationship between the political sphere (most notably "the state") and the economic system of different societies on Earth at different points in time. Second, social scientists, journalists, and other observers sometimes use the term PE to refer to the observable interaction of politics and business in real-world societies. Focusing on the first context, this entry gives an overview of the research field of Political Economy (PE) and discusses its relationship to Law & Economics as a research program.
Keywords: Politics, Economy, Political Economy
JEL Classification: P16
Suggested Citation: Suggested Citation