Recent developments in political economy
A)render much of the traditional field of political science obsolete.
B)render much of the traditional field of economics obsolete.
C)illustrate the resolute nature of democracy.
D)point to the fact that government is a less-than-perfect institution.

Question

Quizplus · Accepted Answer

Recent developments in political economy have highlighted the limitations of government intervention and underscored the importance of market mechanisms in achieving efficient outcomes. This suggests that government, while necessary, is not a flawless institution and can sometimes create unintended consequences. However, this does not render the entire field of political science or economics obsolete.

Recent Developments in Political Economy