"Political economy is a branch of political science and economics studying economic systems and their governance by political systems."
This topic covers the basic concepts, theories, and principles of political economy such as power, wealth, inequality, and public goods. It also provides a historical overview of political economy and its evolution over time.
Definition of Political Economy: An overview of the subject and its definitions.
Classical Political Economy: An introduction to the classical political economy theories, from Adam Smith and David Ricardo to Karl Marx.
Neoclassical Political Economy: An introduction to the neoclassical political economy theories, from Alfred Marshall to Milton Friedman.
Marxist Political Economy: An introduction to the Marxist political economy theories, from Karl Marx to Antonio Gramsci.
Institutionalist Political Economy: An introduction to the institutionalist political economy theories, from Thorstein Veblen to John Commons.
Feminist Political Economy: An introduction to the feminist political economy theories, from Barbara Ehrenreich to Nancy Folbre.
Postmodern Political Economy: An introduction to the postmodern political economy theories, from Michel Foucault to Zygmunt Bauman.
Global Political Economy: An introduction to the global political economy theories, from Immanuel Wallerstein to Susan Strange.
Historical Political Economy: An introduction to the historical political economy theories, from Fernand Braudel to Robert Brenner.
Political Economy of Development: An introduction to the political economy theories of development, from Walter Rostow to Amartya Sen.
Political Economy of Conflict: An introduction to the political economy theories of conflict, from Karl Marx to Robert Keohane.
Political Economy of Finance: An introduction to the political economy theories of finance, from Hyman Minsky to Nouriel Roubini.
Political Economy of Welfare: An introduction to the political economy theories of welfare, from Adam Smith to Attlee.
Political Economy of Migration: An introduction to the political economy theories of migration, from James Milner to Saskia Sassen.
Political Economy of Ecology: An introduction to the political economy theories of ecology, from Herman Daly to Elinor Ostrom.
Political Economy of Religion: An introduction to the political economy theories of religion, from Max Weber to Rodney Stark.
Political Economy of Gender: An introduction to the political economy theories of gender, from Joan Acker to Silvia Federici.
Political Economy of Race: An introduction to the political economy theories of race, from W. E. B. Du Bois to Cedric Robinson.
Political Economy of Education: An introduction to the political economy theories of education, from John Dewey to Paulo Freire.
Political Economy of Media: An introduction to the political economy theories of media, from Noam Chomsky to Edward S. Herman.
Historical Political Economy: This type of political economy explores the relationship between economics and history. It focuses on how economic events and policies over time have shaped the current economy.
Marxist Political Economy: This approach explores how capitalism operates and critiques the inequalities that arise from it. It targets the exploitation of the working class as well as the concentration of wealth on the upper class.
Neoclassical Political Economy: Neoclassical political economy focuses on the individual's role in the economy through rational decision-making, market equilibrium, and the interplay of supply and demand as primary factors in shaping the market.
Keynesian Political Economy: This approach emphasizes the importance of government intervention in the economy to address economic crises and promote economic growth. It focuses on the role of government in addressing unemployment, inflation, and economic stability.
Institutionalist Political Economy: This methodology examines the role institutions play in shaping economic behavior, including government, social norms, and cultural practices.
Feminist Political Economy: This approach in political economy identifies gender inequalities by examining how gender roles, societal values, and social norms impact economic development, work, reproduction, and other market processes.
Ecological Political Economy: This perspective seeks to evaluate the economic impacts on the environment while advocating for a sustainable future. It considers the interaction between natural resources, societies, and markets in structuring and conducting economic activities.
Behavioral Political Economy: Behavioral political economy focuses on the psychological and cognitive factors that influence economic decision-making. It takes into consideration human biases, irrationality, and other non-rational influences that may affect market behavior.
Comparative Political Economy: This methodology aims to compare and contrast economic systems between different societies or countries. It takes into consideration social, political, and cultural factors that affect economic development, growth and income redistribution in the analysis of the economy.
International Political Economy: This approach examines the economic relations between different countries, including international trade and investment, capital flows, global institutions, regional integration, and geopolitical power dynamics.
Developmental Political Economy: This methodology aims to identify how developing countries can spur economic growth to promote social welfare through appropriate policies, institutions, and capital decsions.
Post-colonial Political Economy: This approach focuses on examining how colonial pasts affect economic growth or disadvantages in the present. It takes into account how past demands such as slavery, exploitation of resources, and establishment of barriers have created the remains of inequality and disadvantage in particular societies.
"Widely studied phenomena within the discipline are systems such as labour markets and financial markets, as well as phenomena such as growth, distribution, inequality, and trade."
"These economic systems are shaped by institutions, laws, and government policy."
"Political economy originated in the 16th century."
"The earliest works of political economy are usually attributed to the British scholars Adam Smith, Thomas Malthus, and David Ricardo."
"The work of the French physiocrats, such as François Quesnay and Anne-Robert-Jacques Turgot, preceded the British scholars."
"The term 'economics' gradually began to replace the term 'political economy' in the late 19th century."
"This shift was driven by the increasing consensus of classical liberalism as natural-law, and persisted despite evidence to the contrary during the First World War."
"The term 'economics' usually refers to the narrow study of the economy absent other political and social considerations."
"The term 'political economy' represents a distinct and competing approach that takes into account political and social considerations alongside economic factors."
"Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and modern economics."
"Phenomena such as growth, distribution, inequality, and trade" are areas of interest.
"Economic systems are governed by political systems, including law, institutions, and government."
"The British scholars Adam Smith, Thomas Malthus, and David Ricardo played influential roles."
"Political" signifies the Greek word for "polity" and "economy" signifies the Greek word for "household management."
"The rise of mathematical modeling coinciding with the publication of an influential textbook by Alfred Marshall in 1890 contributed to the dominance of 'economics.'"
"William Stanley Jevons advocated economics for brevity and with the hope of the term becoming 'the recognised name of a science.'"
"The term 'economics' refers to the narrow study of the economy, absent other political and social considerations."
"Political economy represents a distinct and competing approach that considers political and social factors alongside economic factors."
"Citation measurement metrics from Google Ngram Viewer indicate that use of the term 'economics' began to overshadow 'political economy' around roughly 1910, becoming the preferred term for the discipline by 1920."