The Reductionist Gamble: Open Economy Politics in the Global Economy

  title={The Reductionist Gamble: Open Economy Politics in the Global Economy},
  author={Thomas Oatley},
  journal={International Organization},
  pages={311 - 341}
  • Thomas Oatley
  • Published 1 April 2011
  • Economics
  • International Organization
Abstract International political economy (IPE) should transition to “third-wave” scholarship because Open Economy Politics (OEP), which dominates current American IPE scholarship, can generate inaccurate knowledge. OEP can produce inaccurate knowledge because it studies domestic politics in isolation from international or macro processes. This methodological reductionism is often inappropriate for the phenomena IPE studies because governments inhabit a complex social system. As a result, the… 
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