{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

The Nature of Political Economy

The Nature of Political Economy - The Nature of Political...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
The Nature of Political Economy Robert Gilpin Relationship between economic and politics is a reciprocal one. Economic and technological forces created an interdependent world economy, but the nation- states continue to be the unit of political decision making. The author examines 3 major ideologies of political economy. The meaning of political economy The relationship between economic and politics translates into that of wealth and power. Wealth is anything that can generate income (capital, land, or labour); physical assets and human capital are part of it Basic concept of political science: power (military, economic and psychological). Power is the means to achieve state’s goals (welfare, security, prestige). Force is the ultimate form of power. Economics: science of wealth Politics: science of power Three conceptions of political economy Liberalism Marxism Mercantilism Nature of economic relations Harmonious Positive-sum game More efficient use of world’s scarce resources Conflictual
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern