Pub. date: 2011 | Online Pub. Date: October 04, 2011 | DOI: 10.4135/9781412994163 | Print ISBN: 9781412959636 | Online ISBN: 9781412994163| Publisher:SAGE Publications, Inc.About this encyclopedia
International Political Economy
The field of international political economy (IPE) requires two definitions since it is both a subject, a field of study, and an object, a thing to study. Defining IPE as a thing to study, as an object, is quite straightforward. It refers to the global or international distribution of power, wealth, and prestige among state and nonstate actors. IPE as a field of study, as a subject, in contrast, has at least two different histories and as such requires a more complex explication. This entry traces the evolution of these twin histories of IPE. The first history pertains to the so-called American school of IPE that emerged during the early to mid-1970s in the context of the oil crises and breakdown of the Bretton Woods system. The second history pertains to the contrasting British school of IPE that has altogether different origins. Rather than forming one body of knowledge, these ...