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LSE academic to speak on the new political economy at the British Academy

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Professor Tim Besley|, director of the Suntory and Toyota International Centres for Economics and Related Disciplines at LSE, will give the annual British Academy Keynes Lecture in Economics on The New Political Economy at the Academy on Wednesday 13 October.

The new political economy uses ideas from incentive theory to understand the interaction of political and economic forces in shaping policy and puts the importance of accountability at the heart of its idea of good government. It also stresses the importance of open information flows and civic traditions in improving the quality of government. 

The ideas in the new political economy are at the heart of many contemporary debates about the reform of public institutions and reforming public services. They are also important in understanding how interactions between government and the economy may be a source of under-development problems.

Professor Besley will provide an overview of the achievements in this field and discuss the main theoretical ideas and the growing body of evidence that supports their relevance, setting the ideas in a historical context. 

He will also demonstrate how the ideas have practical relevance in thinking about specific policy issues including on-going debates about the organisation of government and the role of the state.

Professor Ken Wallis, FBA, will chair this event.

The New Political Economy is on Wednesday 13 October at 5.30pm at the British Academy, 10 Carlton House Terrace, London SW1Y 5AH. This event is free and open to all with no ticket required.  


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Press cuttings

Guardian (13 Oct)
The Backbencher: original spin
Professor Timothy Besley of the LSE delivers the Keynes Lecture in Economics. 

24 September 2004