POLITICAL ECONOMY


Meaning of POLITICAL ECONOMY in English

— political economist .

1. a social science dealing with political policies and economic processes, their interrelations, and their influence on social institutions.

2. (in the 17th-18th centuries) the art of management of communities, esp. as affecting the wealth of a government.

3. (in the 19th century) a social science similar to modern economics but dealing chiefly with governmental policies.

4. economics (def. 1).

[ 1605-15 ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .