Explore how political economy examines the impacts of economic theories, like capitalism, on real-world interactions and policies globally.

Two MIT economists were among those awarded the Nobel Prize in economics Monday for their decades of work illuminating the relationship between political institutions and economic prosperity.

Last month, the 2024 Nobel Prize in economics was awarded to three scholars, Daron Acemoglu, Simon Johnson, and James Robinson, for “studies of how institutions are formed and affect prosperity.” ...

According to a national poll, five percent of American adults strongly agree with the statement, "When I think about our political and social institutions, I cannot help thinking 'just let them all ...

While a majority of people express a commitment to most of our social and political institutions and the democratic form of governance enshrined in the U.S. Constitution, there are those who relish ...

The left and right don’t agree on much, but many on both sides do agree on one thing: the system is broken. Over the past decade, anti-system political movements have surged, from Brexit in 2015 to ...

As Americans digest the result of this week’s presidential election and wonder about the future of their country and its politics, they must reckon with the fact that political polarization seldom ...

Guinea-Bissau faces a deep political crisis. For several years, the small west African nation has endured growing tensions between political institutions and there’s now a strong climate of ...

Democracies worldwide are suffering from legitimacy problems. This is reflected in low levels of public trust in key political institutions, the polarisation of politics, and the erosion of public ...