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- Alexis de Tocqueville once declared that a new science was needed for a new world. The reason for the launch of NEW POLITICAL ECONOMY is the belief that a new stage in the development of the world economic and political system has commenced, a new world order. Understanding it will require new modes of analysis and new theories, and a readiness to tear down intellectual barriers, bringing together many approaches, methods, and disciplines which for too long have been separated. In short, what is needed is a new political economy, which combines the breadth of vision which characterised the classical political economy of the nineteenth century with the analytical advances of twentieth century social science.