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How is the political process affected by economic change? How is the making of economic policy influenced by political consideations? Progress in econometrics and a new recognition of the enhanced role of government in the functioning of market systems now make it possible to address these basic questions. In this book ten international scholars examine the complex between the economy and the polity from a scientific rather than an ideological point of view. In so doing, they present an overview of the exciting new work now being done, the main ideas and controversies now prevalent, and the new approaches to the study of political economy now being pursued.
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