POLITICALECONOMY

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.

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political economy

Noun

  1. 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.


The above text is a snippet from Wiktionary: political economy
and as such is available under the Creative Commons Attribution/Share-Alike License.

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