1. Comparative Political Economy and Varieties of Macroeconomics
- Author:
- Lucio Baccaro and Jonas Pontusson
- Publication Date:
- 11-2018
- Content Type:
- Working Paper
- Institution:
- Max Planck Institute for the Study of Societies
- Abstract:
- This paper provides a historical overview of comparative political economy as an interdisci- plinary field of study anchored in political science and focused on advanced capitalist states. We argue that this field of inquiry has reached an impasse and that a more sustained engage- ment with macroeconomics provides a way forward. Against this backdrop, we review two distinct traditions of macroeconomics – New Keynesian and Post-Keynesian macroeco- nomics – and discuss their relative merits as vehicles for renewing the research agenda of comparative political economy.
- Topic:
- Capitalism, Macroeconomics, and Keynes
- Political Geography:
- Global Focus