Political Economy

  1. The State and the Economy
    1. Theories of the State
      1. Pluralist Theory
        1. Multiple Interest Groups
          1. Policy as Compromise
            1. Democratic Process
              1. Limitations of Pluralism
              2. Elite Theory
                1. Power Elite
                  1. Concentrated Power
                    1. Policy Networks
                      1. Iron Triangles
                      2. Marxist State Theory
                        1. Instrumental View
                          1. Structural View
                            1. Relative Autonomy
                              1. State and Capital
                              2. Developmental State Theory
                                1. State-Led Development
                                  1. Industrial Policy
                                    1. East Asian Model
                                      1. Embedded Autonomy
                                      2. Public Choice Theory of the State
                                        1. Politicians as Utility Maximizers
                                          1. Bureaucratic Behavior
                                            1. Median Voter Theorem
                                          2. Economic Functions of the State
                                            1. Allocation Function
                                              1. Public Goods Provision
                                                1. Pure Public Goods
                                                  1. Merit Goods
                                                    1. Club Goods
                                                    2. Market Regulation
                                                      1. Natural Monopolies
                                                        1. Competition Policy
                                                          1. Consumer Protection
                                                        2. Distribution Function
                                                          1. Income Redistribution
                                                            1. Wealth Redistribution
                                                              1. Social Justice
                                                                1. Equity vs. Efficiency
                                                                2. Stabilization Function
                                                                  1. Macroeconomic Management
                                                                    1. Business Cycle Smoothing
                                                                      1. Full Employment
                                                                        1. Price Stability
                                                                        2. Growth Function
                                                                          1. Infrastructure Investment
                                                                            1. Education and Human Capital
                                                                              1. Research and Development
                                                                                1. Industrial Policy
                                                                              2. Political Economy of Economic Policy
                                                                                1. Fiscal Policy Politics
                                                                                  1. Taxation
                                                                                    1. Tax Policy Design
                                                                                      1. Tax Incidence
                                                                                        1. Political Economy of Taxation
                                                                                          1. Tax Reform
                                                                                          2. Government Expenditure
                                                                                            1. Spending Priorities
                                                                                              1. Public Investment
                                                                                                1. Transfer Payments
                                                                                                  1. Defense Spending
                                                                                                  2. Budget Process
                                                                                                    1. Budget Formation
                                                                                                      1. Legislative Approval
                                                                                                        1. Implementation
                                                                                                        2. Fiscal Federalism
                                                                                                          1. Intergovernmental Relations
                                                                                                            1. Revenue Sharing
                                                                                                              1. Fiscal Competition
                                                                                                            2. Monetary Policy Politics
                                                                                                              1. Central Bank Independence
                                                                                                                1. Institutional Design
                                                                                                                  1. Political Pressures
                                                                                                                    1. Credibility
                                                                                                                    2. Interest Rate Policy
                                                                                                                      1. Policy Tools
                                                                                                                        1. Transmission Mechanisms
                                                                                                                          1. Political Constraints
                                                                                                                          2. Inflation Targeting
                                                                                                                            1. Policy Framework
                                                                                                                              1. Democratic Accountability
                                                                                                                            2. Regulatory Policy
                                                                                                                              1. Economic Regulation
                                                                                                                                1. Price Regulation
                                                                                                                                  1. Entry Regulation
                                                                                                                                    1. Quality Standards
                                                                                                                                    2. Social Regulation
                                                                                                                                      1. Health and Safety
                                                                                                                                        1. Environmental Protection
                                                                                                                                          1. Consumer Protection
                                                                                                                                          2. Financial Regulation
                                                                                                                                            1. Banking Supervision
                                                                                                                                              1. Securities Markets
                                                                                                                                                1. Systemic Risk
                                                                                                                                                2. Regulatory Capture
                                                                                                                                                  1. Industry Influence
                                                                                                                                                    1. Revolving Door
                                                                                                                                                      1. Regulatory Reform

                                                                                                                                                Previous

                                                                                                                                                2. Major Theoretical Perspectives

                                                                                                                                                Go to top

                                                                                                                                                Next

                                                                                                                                                4. Comparative Political Economy