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- Title
What Can Economics Learn from Political Science, and Vice Versa?
- Authors
Chrystal, K. Alec; Peel, David A.
- Abstract
The concerns of economics and political science intersect. Both have as a major object of enquiry the making of economic policy. Indeed, both have a reasonable claim to primacy in this field. Economic policy is made by incumbent politicians in the context of political institutions. The analysis of the impact of such policies as emerge is, on the whole, the job of the economist. Economic analysis influences the ideas of politicians but it is the political scientist whose job it is to illuminate the political decision-making process itself. While both have this interest in economic policy in common, their methods and concerns differ considerably. What can each learn from the other? In Section I, the article argues that so-called "Politico-Economic" models represented a false start in the attempt to define the common ground. Section II gives an example of how economists' way of thinking can be a fruitful source of testable hypotheses for political science, and in Section III, it argues that economists need to pay much more attention to institutional arrangements which are the "bread and butter" of political science.
- Subjects
ECONOMICS; INTERDISCIPLINARY education; POLITICAL science; ECONOMIC policy; ECONOMIC models; POLITICAL scientists; ECONOMISTS
- Publication
American Economic Review, 1986, Vol 76, Issue 2, p62
- ISSN
0002-8282
- Publication type
Article