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What is political economy?

Political economy most commonly refers to interdisciplinary studies drawing upon economics, sociology and political science in explaining how political institutions, the political environment, and the economic system — capitalist, socialist, communist, or mixed —influence each other.

What is a political economy course?

This course is intended as an introduction to the field of political economy. It is the first part of a two-part sequence in political economy, along with 14.773 Political Economy: Institutions and Development. Combined, the purpose of the two classes is to give you both a sense of the frontier research topics and a …

What is the difference between economics and political economy?

If economics is the study of the optimal use of scarce resources, political economy begins with the political nature of decisionmaking and is concerned with how politics will affect economic choices in a society.

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