| International Political Economy |
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Information AboutInternational Political Economy |
| CATEGORIES ABOUT INTERNATIONAL POLITICAL ECONOMY | |
| international relations | |
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Scholars of IPE study trade relations and financial relations among nations, and try to understand how nations have cooperated politically to create and maintain institutions that regulate the flow of international economic and financial transactions. ORIGIN IPE emerged as a heterodox approach to international studies during the 1970s as the 1973 World Oil Crisis and the breakdown of the Bretton Woods System alerted academics, particularly in the U.S., of the importance, contingency, and weakness of the economic foundations of the world order. IPE scholars asserted that earlier studies of International Relations had placed excessive emphasis on Law , Politics , and Diplomatic History . Similarly, neoclassical economics was accused of abstraction and being ahistorical. Drawing heavily on historical sociology and Economic History , IPE proposed a fusion of economic and political analysis. In this sense, both Marxist and liberal IPE scholars protested against the reliance of Western social science on the territorial State as a unit of analysis, and stressed the International System . NOTABLE PAST IPE SCHOLARS NOTABLE CONTEMPORARY IPE SCHOLARS EXTERNAL LINKS
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