Concept information
Preferred term
political economy
Definition
- POLITICAL ECONOMY is concerned with the relationship between democratic governments and capitalism. Classical liberal economists, beginning in 1776 with the publication of Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations, argued that government should leave the economic system alone and allow it to seek its own equilibrium. [Source: Encyclopedia of Politics: The Left and the Right: Volume 1: TheLeft and Volume 2: The Right; Political Economy]
Broader concept
Narrower concepts
- advanced industrial democracies
- autarky
- business preference formation
- capitalism
- central banks
- class and politics
- class consciousness, envy, and conflict
- common good
- consumer society
- corporation
- dependence
- development administration
- dirigisme
- economic development
- economic geography
- economic inequality
- economic statecraft
- economic theories of politics
- economic transformation
- employment policy
- foreign aid and development
- foreign direct investment
- free trade
- Heckscher-Ohlin theorem
- International Monetary Fund
- international political economy
- labor movement
- laissez-faire
- market economy
- market failure
- mercantilism
- monetary relations
- multilateralism
- new institutionalism
- newly industrialized countries
- nontariff barriers to trade
- numeraire and dollarization
- political business cycles
- political economy of development
- postindustrial society
- property
- protectionism
- protectionism and tariffs
- public budgeting
- public employment
- public good
- redistribution
- rent-seeking
- social stratification
- state capitalism
- state-led economic development
- Stolper-Samuelson theorem
- tax policy
- trade blocs
- trade diplomacy
- trade liberalization
- traditional rule
- tragedy of the commons
- welfare policies
- welfare state
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-CMRV0KRX-M
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