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Full-Text Articles in Social and Behavioral Sciences
Political Economy, Sandra J. Peart, David M. Levy
Political Economy, Sandra J. Peart, David M. Levy
Jepson School of Leadership Studies articles, book chapters and other publications
Political economy describes how human societies are organized by exchange. The critical issue for political economists is the interaction between self-directed decision making and the incentives that turn decisions into approved outcomes. In this interaction, political economists see a key role for leadership, a role that depends upon our common concern for others (Robbins, 1981). There are three roles, then, for leadership in the political economist’s model: self-directed decision making, incentive making, and establishing the criteria for approved outcomes.