political economy
Power meets markets
Political economy is the study of how political and economic systems interact—how governments shape markets and how economic forces influence policy.
The term predates economics as a discipline and retains a broader scope, examining wealth, production, and trade alongside power, institutions, and social relations.
Her research in political economy focused on how trade agreements redistribute wealth among social classes.
Private profit-based economy
- tradeExchange of commodities
- exchangeMutual giving and receiving
- commoditiesTradeable raw materials
- supplyFurnish or stock
demand · competition · monopoly · financialization · speculation · investment · commerce · privatization
Science of resource allocation
- KeynesianPro-intervention economic theory
- MarxistCommunist theory follower
- neoclassicalReviving ancient aesthetic principles
- institutionalOf formal establishments
classical · heterodox · methodology · theory · analysis · critique · paradigm · comparative
Dominant group's control
- classGrouping by shared traits
- elitesPrivileged powerful groups
- oligarchyRule by few
- imperialismExtending dominion over others
colonialism · domination · inequality · exploitation · labor relations · class struggle · dependency · core-periphery
Of public revenue
- monetaryOf or about currency
- taxationCompulsory government revenue collection
- subsidyFinancial assistance from government
- redistributionSharing out again differently
welfare · austerity · stimulus · budget · deficit · public spending · social security · regulation
Abundance of valuable resources
- inequalityUnequal distribution of resources
- povertySevere lack of resources
- incomeRegular monetary receipts
- capitalWealth used for investment
resources · accumulation · disparity · stratification · mobility · concentration · inheritance · wages
Condition or mode
- institutionEstablished organization or custom
- regulationOfficial rules governing conduct
- democracyRule by the people
- bureaucracyRigid administrative system
administration · sovereignty · parliament · legislature · judiciary · executive · federalism · decentralization
capitalism
Private profit-based economy
- tradeExchange of commodities
- exchangeMutual giving and receiving
- commoditiesTradeable raw materials
supply · demand · competition · monopoly · financialization · speculation · investment · commerce · privatization · liberalization
economics
Science of resource allocation
- KeynesianPro-intervention economic theory
- MarxistCommunist theory follower
- neoclassicalReviving ancient aesthetic principles
institutional · classical · heterodox · methodology · theory · analysis · critique · paradigm · comparative · development
hegemony
Dominant group's control
imperialism · colonialism · domination · inequality · exploitation · labor relations · class struggle · dependency · core-periphery · rent-seeking
fiscal
Of public revenue
- monetaryOf or about currency
- taxationCompulsory government revenue collection
- subsidyFinancial assistance from government
redistribution · welfare · austerity · stimulus · budget · deficit · public spending · social security · regulation · reform
wealth
Abundance of valuable resources
- inequalityUnequal distribution of resources
- povertySevere lack of resources
- incomeRegular monetary receipts
capital · resources · accumulation · disparity · stratification · mobility · concentration · inheritance · wages · profits
state
Condition or mode
- institutionEstablished organization or custom
- regulationOfficial rules governing conduct
- democracyRule by the people
bureaucracy · administration · sovereignty · parliament · legislature · judiciary · executive · federalism · decentralization · public sector
- academic fieldsmathematics, biology, chemistry, physics, history
- politicsdemocracy, campaigning, campaigns, democrats, bill
- social sciencessociology, anthropology, psychology, economics, criminology
- anthropologyanthropology, fieldwork, ethnography, social anthropology, cultural anthropology
- political philosophysocial contract, natural rights, natural law, sovereignty, legitimacy
- political sciencevoting behavior, international relations, authoritarianism, public opinion, constitutionalism
political economymicroeconomics
Economics of small-scale decisions
personal finance · pure theory · behavioral economics · private enterprise · natural science
policy, economy, politics, economic, political, politician, economical, policies, economize