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Proceedings of the British Academy, Volume 131, 2004 Lectures$
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P. J. Marshall

Print publication date: 2005

Print ISBN-13: 9780197263518

Published to British Academy Scholarship Online: January 2012

DOI: 10.5871/bacad/9780197263518.001.0001

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The New Political Economy

The New Political Economy

Keynes Lecture in Economics

(p.370) (p.371) The New Political Economy
Proceedings of the British Academy, Volume 131, 2004 Lectures

Timothy Besley

British Academy

This lecture discusses important issues that arise in the policy sphere. It is primarily concerned with extending the competence of economists to analyse issues that require some facility with economic and political decision-making. The lecture serves as a highly selective and personal view of the motivation behind the field and some of the key themes in the literature. It shows the value in focused research in asking a specific question and of using appropriate data. It also determines that the New Political Economy rises to specific challenges, is not about economic imperialism, and rarely discusses grand issues of states versus markets and democracy versus non-democracy.

Keywords:   policy sphere, economists, themes in literature, focused research, New Political Economy, economic imperialism, state versus markets, democracy versus non-democracy

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