politicalonomige
Political economics, often referred to as political economy, is an interdisciplinary field that studies how political forces shape economic outcomes and how economic factors influence political decisions and structures. It examines the complex interplay between governments, markets, and individuals, exploring how power, ideology, and institutions affect the production, distribution, and consumption of goods and services.
This field draws upon theories and methodologies from both economics and political science. It investigates various
Early thinkers like Adam Smith and Karl Marx laid foundational concepts for political economy, viewing economic