What are the three main topics in international political economy?
Topics covered include global inequality and wealth distribution; financialization and crisis; precarization of work; global regulation of trade, labour, and money; gender, and the environment in the international political economy.
What is the subject matter of political economy?
The subject matter of political economy is therefore the production (economic) relations of people. This includes the forms of ownership of the means of production, the place different classes and social groups occupy in production and the relations between them, the forms of distribution of material wealth.
Who is the father of political economy?
Adam Smith is generally regarded as the father of political economy and of “classical” economics. The Wealth of Nations provides the earliest comprehensive account of market society as a decentralized, “well-governed” system in which prices coordinate the efficient allocation of resources in a competitive economy.
Why should I study political economy?
Political Economy looks at the humans behind the numbers, and the social impact of economic policy. Political Economy sets you up for all sort of ways to be in the world. It sets you up for being in that big public discussion about what sort of country, what sort of world we’re going to live in in the future.
What is the nature of political economy?
Political economy is a social science that studies production, trade, and their relationship with the law and the government. It is the study of how economic theories affect different socio-economic systems such as socialism.
What can I do with political economy?
What do Political Economy majors do after graduation? A lot of things. Many go on to Wall Street or consulting, sometimes doing an MBA and a career in business. Others go to law school, earn a Master’s degree in Public Policy, or other graduate degrees.