The evolution of international political economy

The 'invisible college' of international political economy (IPE) is a house divided. The field is split between the rationalist species that dominates in the US and a diverse genus of critical scholars. Recent developments in IPE suggest, however, that there is scope to rebuild the invisible college. An increasing awareness of normative questions should make rationalist scholars more receptive to critical work, while critical scholars are discovering an independent identity as they reinvent themselves in the tradition of classical political economy. There is much to gain from a renewed exchange between rationalist and critical scholars, particularly in the context of empirical work, as demonstrated by the vivid politics of the global bioeconomy.