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Beginning from the Teaching, Research, and International Politics (TRIP) survey, this paper outlines the most important emerging paradigm in international political economy (IPE), known as open economy politics (OEP). This approach forms the core of the 'American' school of IPE. The paper then contrasts the epistemology of OEP, based on partial equilibrium analysis, with that of the 'British' school of IPE, which favors a more holistic approach. This difference is not captured well in the TRIP survey, nor is it particularly well understood by many proponents of either side. Recognizing the progressive nature of the OEP research program, the essay concludes with a call to bridge but not necessarily to abolish the transatlantic divide. [ABSTRACT FROM AUTHOR]