What does political economy mean?

Definitions for political economy
po·lit·i·cal econ·o·my

This dictionary definitions page includes all the possible meanings, example usage and translations of the word political economy.

Princeton's WordNet

  1. economics, economic science, political economynoun

    the branch of social science that deals with the production and distribution and consumption of goods and services and their management

Wiktionary

  1. political economynoun

    Interdisciplinary studies drawing upon economics, law, and political science in explaining how political institutions, the political environment, and the economic system capitalist, socialist, mixed influence each other.

ChatGPT

  1. political economy

    Political economy is a branch of social science that studies the relationships between individuals, societies, markets, and governments. It aims to understand the influence of political institutions on economic processes and outcomes, as well as the effects of economic factors on political behaviors and structures. The scope of political economy includes the analysis of policy-making, economic governance, institutional design, social conflict and cooperation, resource distribution, and power dynamics. It combines elements of economics, political science, sociology, and history.

Wikidata

  1. Political Economy

    Political economy was the original term used for studying production, buying, and selling, and their relations with law, custom, and government, as well as with the distribution of national income and wealth. Political economy originated in moral philosophy. It was developed in the 18th century as the study of the economies of states, or polities, hence the term political economy. In the late 19th century, the term economics came to replace political economy, coinciding with publication of an influential textbook by Alfred Marshall in 1890. Earlier, William Stanley Jevons, a proponent of mathematical methods applied to the subject, advocated economics for brevity and with the hope of the term becoming "the recognised name of a science." Today, political economy, where it is not used as a synonym for economics, may refer to very different things, including Marxian analysis, applied public-choice approaches emanating from the Chicago school and the Virginia school, or simply the advice given by economists to the government or public on general economic policy or on specific proposals. A rapidly growing mainstream literature from the 1970s has expanded beyond the model of economic policy in which planners maximize utility of a representative individual toward examining how political forces affect the choice of economic policies, especially as to distributional conflicts and political institutions. It is available as an area of study in certain colleges and universities.

The Nuttall Encyclopedia

  1. Political Economy

    the name given to the modern soi-disant science concerned with the production, distribution, and exchange of wealth, against the relevancy of which to the economics of the world Ruskin has, for most part in vain, during the last forty years emitted a scornful protest, affirming that this is "mercantile" and not "political economy at all," which he insists is the "economy of a state or of citizens," consisting "simply in the production and distribution at fittest time and place of useful or pleasurable things ... a science which teaches nations to desire and labour for the things that lead to life, and to scorn and destroy those that lead to destruction ... though, properly speaking, it is neither an art nor a science, but a system of conduct and legislature, founded on the sciences, directing the arts, and impossible, except under certain conditions of moral culture," with which last, however, the modern political economists maintain their science has nothing whatever to do.

Suggested Resources

  1. political economy

    Read the full text of the Political Economy poem by Ambrose Bierce on the Poetry.com website.

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Numerology

  1. Chaldean Numerology

    The numerical value of political economy in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of political economy in Pythagorean Numerology is: 7

Examples of political economy in a Sentence

  1. Fraser Howie:

    (Developers) seem to get caught up in the political economy ... which effectively leads to a tremendous number of bad decisions because you’re now making investments based on political whim and political winds, rather than actual sound business sense.

  2. AMYNE E. QASEM:

    You want a piece of advice from me? Well , in Morocco it’s better to put your full effort learning how to dance than studying political economy

  3. Barham Salih:

    Here I reiterate Iraq's call, which we have previously issued at the United Nations General Assembly, for the formation of an international coalition to fight corruption along the lines of the international coalition against ISIS, terrorism can only be eliminated by draining its sources of funding based on corruption money as a political economy of violent.

  4. Kavita Krishnan:

    I won't say that this is something kind of unique to India but of course it's a huge problem because I think the question here is the sense of entitlement and impunity that is conferred not only by a masculinist culture but also by political economy and, you know, the whole structures of power, i squarely hold the government of India responsible, the ruling party responsible for creating an Islamophobia and anti-Dalit climate that justifies acts of sexual violence and other forms of violence against these minorities.

  5. Stuart Gordon:

    It was significant because of the routes it controlled and it was a very significant part of the resourcing of the political economy of Helmand, because it is a major center of drugs processing and drugs shipping.

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"political economy." Definitions.net. STANDS4 LLC, 2024. Web. 23 May 2024. <https://www.definitions.net/definition/political+economy>.

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