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...Copyright princeton university press no part of this book may be distributed posted or reproduced in any form by digital mechanical means without prior written permission the publisher chapter one what is political economy economists must not only know their economic models but also understand politics interests conicts passions essence collective life for a brief period time you could make changes decree to let them persist have build coalitions and bring people around youhavetobeapolitician alejandrofoxley chilean minister finance quoted williamson haggard introduction how does affect outcomes question has been asked probably as long interested economics itself from adam smith s wealth nations perhaps physiocrats even earlier until at least john stuart mill principles econ omy we now call was fact generally referred terminology large reected belief that really separable more than an administrative classication disciplines it arose widespread view factors are crucial determining hence...