Political economy

Definition of Political economy

The term of Political economy is used for studying production and trade, and what relations they retail with law institutions, custom and government as well as the method of distribution of national income and wealth. The origins of political economy come from moral philosophy. Political economy is related to economics, law and politics.

Books on Political economy

Book 1:

Theories of Political Economy By James A. Caporaso (published by Cambridge University Press, 1992)

Book 2:

International Political Economy: An Intellectual History By Benjamin J. Cohen (published by Princeton University Press, 2008)

How Political economy works?

For example, the satisfaction of using elevators, automatic car washing machines or publics restrooms are the examples of political economy. Another example would be land that offers a category of direct satisfactions that have recently generated great interest.

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