The decline and rise of political economy

摘要: Abstract Political economy and Public Choice emerged in the mid-1960s as sub-disciplines involving economists, political scientists, legal scholars. Interestingly, was present at birth of these fields inquiry but displaced by new specialized disciplines. This essay offers an economic explanation decline rise economy. The theory presented suggests that experiences a rebound following periods increased government intervention. But instead inducing further specialization, impulse leads to unification within among