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Review: Small Steps Forward for Political Economy

Reviewed Works: Politics and Markets: The World's Political Economic Systems. by Charles E. Lindblom; Political Control of the Economy. by Edward R. Tufte
Review by: Joe A. Oppenheimer
World Politics
Vol. 33, No. 1 (Oct., 1980), pp. 121-151
DOI: 10.2307/2010258
Stable URL: http://www.jstor.org/stable/2010258
Page Count: 31
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Small Steps Forward for Political Economy
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Abstract

Only small gains can be made in the study of political economy without building upon the traditions of Marx and rationality models. Deep are the historical observations and theoretical linkages that these schools have given us. Rationality models give us a feeling for the coalitional and strategic elements in political calculations. They inform us as to the behavioral constraints that will operate on political actors. Marxian tradition sensitizes us to the institutional constraints which markets and private property give to the political process. It is therefore unfortunate that two recent books regarding political economy--Tufte's Political Control of the Economy and Lindblom's Politics and Markets--avoid both of these traditions. Their contribution to our understanding of political economy suffers because of this omission.

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