Comparative political economy and varieties of macroeconomics

This paper provides a historical overview of comparative political economy as an interdisciplinary field of study anchored in political science and focused on advanced capitalist states. We argue that this field of inquiry has reached an impasse and that a more sustained engagement with macroeconomics provides a way forward. Against this backdrop, we review two distinct traditions of macroeconomics - New Keynesian and Post-Keynesian macroeconomics - and discuss their relative merits as vehicles for renewing the research agenda of comparative political economy.