Investopedia / Zoe Hansen
Political economy can draw on sociology, economics, and political science to describe how government, one economic system, and politics influence others.
Political economy remains a widely used term to describe any policy that has an economic impact.
The term “political economy” refers to a branch of social science that focuses on the relationships between individuals, governments, and public policies. It is also used to describe the policies established through governments that affect the economies of their countries.
The main considerations of political economy are the relationships between governments and individuals, as well as the public policies of society. These are taken through the study of sociology, politics and economics.
Some characteristics or themes of a political economy are related to the distribution of wealth, how goods and facilities are produced, who owns assets and other resources, who benefits from production, supply, and demand, and how public policies and government interactions have an effect on political economy. society.
Adam Smith is considered the father of economics and political economy. But the term is attributed to the French economist Antoine de Montchrestien, who wrote the e-book “Treatise on Political Economy,” which translates as a treatise on political economy.
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Shleifer, Andrei and Robert W. Vishny. “The Politics of Market Socialism”, Journal of Economic Perspectives, vol. 8, no. 2, 1994, p. 165-176.
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The College of New Jersey. “Interdisciplinary Concentration in International Political Economy. ”
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Hampton Roads Naval Museum. Picture of socialism, fascism, capitalism and communism. “