Definition of political economy in English:

Share this entry

political economy



[mass noun] dated
Economics as a branch of knowledge or academic discipline.
Example sentences
  • The context consisted of economic history, political economy and the history of economic ideas.
  • It is not economics that drives the analysis but politics, and the line between economics and political economy has now blurred.
  • Early American writers on political economy reacted negatively to Ricardo's theory of rent.


political economist

Example sentences
  • The great American political economist Thorstein Veblen, one of the most important social thinkers of the last century, made a distinction between what he called the ‘substantial people’ and ‘the underlying population’.
  • Marx develops the position of the classical political economists in two directions.
  • George, in contrast, always viewed himself as a classical political economist, in the vein of Adam Smith.

For editors and proofreaders

Line breaks: pol¦it|ical econ|omy

Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.