The resurgence of political economy in today’s political science

Abstract

In this article, we show the historical development of different conceptions of political economy, criticizing the hegemonic pretention of neoclassical economics, and highlighting what we call the “new political economy“: the study of the social, political and moral constitution of the economy in history. We describe this interpretation’s current disciplinary insertion in political science, and offer two analytical keys to orient future investigations. Finally, we survey recent works in Latin America that echo this interpretation, especially the revisions of the ‘political economy of policy reform’ literature and the widening of studies on varieties of capitalism.