political economy

political economy
noun Date: 1740 1. economics 2. the theory or study of the role of public policy in influencing the economic and social welfare of a political unit • political economist noun

New Collegiate Dictionary. 2001.

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  • political economy — ➔ economy1 * * * political economy UK US noun [U] ► ECONOMICS, POLITICS used, especially in the past, to refer to the study of the economy of a particular country or countries and how it is connected with the political system: »Adam Smith is… …   Financial and business terms

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  • POLITICAL ECONOMY —    the name given to the modern soi disant science concerned with the production, distribution, and exchange of wealth, against the relevancy of which to the economics of the world Ruskin has, for most part in vain, during the last forty years… …   The Nuttall Encyclopaedia

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