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This book presents the latest research in the field of Political Economy, dealing with the integration of economics and politics and the way institutions affect social decisions. The authors are eminent scholars from the U.S., Canada, Spain, Britain, Mexico and the Philippines. Many of them are colleagues of or have been influenced by Nobel laureate Douglass North, who pioneered the New Institutional Social Sciences. The book focuses on topics such as: research on war and the formation of states; the analysis of corruption; new techniques for analyzing elections, including the connection of game-theoretic and empirical methods; a comparison of elections under plurality and proportional rule, and in developed and new democracies.