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Prize or Penalty: When Sports Help Economies Score"" looks at why countries vie to host the world's most costly sporting events. And, in a series of articles on ""After the Crisis,"" we discuss why some countries were hit harder than others; how were shocks transmitted round the world, and whether protectionist pressures might intensify in 2010. As usual, we take on a number of hot topics, including housing prices, bankers' bonuses, Ponzi schemes, and inflation targeting. In ""Picture This"" we see that the number of hungry is on the rise, topping 1 billion. Our regular ""People in Economics

THEORY FORMATION IN POLITICAL SCIENCE HAS HEADED TOWARD A "NEW POLITICAL ECONOMY" WITHIN WHICH 4 CLUSTERS ARE DISTINGUISHED: (1) 'SPATIAL MODELS OF PARTY COMPETITION', (2) THEORIES OF COLLECTIVE ACTION, (3) THEORIES OF ALLOCATION OF VALUES, UNDER SPECIFIC ASSUMPTIONS OF THE DISTRIBUTION OF POWER, IE COALITION THEORIES, BARGAINING THEORIES & REINTERPRETATIONS OF DUOPOLY THEORIES, & (4) THEORIES OF ADMINISTRATIVE BEHAVIOR. THE 4 CLUSTERS ARE THE RESULT OF THE INTEGRATION OF POLITICAL SCIENCE & ECONOMICS. THE SIMILARITY IN THEORETICAL STRUCTURE OF THE 4 CATEGORIES IN POLITICAL SCIENCE WITH THE CORRESPONDING THEORIES IN MICROECONOMICS, WELFARE ECONOMICS, & PUBLIC ECONOMICS CONSISTS OF THESE ELEMENTS: (A) THE PREPONDERANCE OF A DEDUCTIVE (VS INDUCTIVE) STRATEGY OF THEORY BUILDING, (B) THE 2 PREMISES OF INDIVIDUALISM & GOAL-ORIENTED BEHAVIOR, (C) PREOCCUPATION WITH VARIOUS CORRESPONDING AMENDMENTS ON ASSUMPTIONS IN THE ECONOMIC THEORY OF PERFECT COMPETITION, & (D) THE THEORY OF ADMINISTRATIVE BEHAVIOR AS BASED ON THE AMENDMENT OF THE ASSUMPTION OF PERFECT & COSTLESS INFORMATION & THE HOLISTIC ('UNITARY ACTOR') OF DECISION-MAKING IN THE THEORY OF THE FIRM. MODIFIED HA.