political economy


: the theory or study of the role of public policy in influencing the economic and social welfare of a political unit
political economist noun

Examples of political economy in a Sentence

Recent Examples on the Web Hanke noted to Fortune that even the French are amazed by the shift in America’s political economy. Shawn Tully, Fortune, 11 Nov. 2023 Public opinion now ruled the political economy of the nation, these executives believed. TIME, 24 Oct. 2023 Although New York has been a financial center since the earliest days of the republic, in the 1980s finance became central to the city’s political economy due to the decline of industry, deregulation, and an increasingly aggressive and self-confident culture among stockholders. Sam Needleman, The New York Review of Books, 7 Oct. 2023 On top of those logistical issues, Butler’s résumé could also attract criticism from the left for having become too cozy with corporations that play big roles in the state’s political economy. Geoffrey Skelley, ABC News, 5 Oct. 2023 Doing that isn’t so much an issue of pessimism or optimism but of political economy. Kate Aronoff, The New Republic, 24 Mar. 2023 Part of what has happened over the 61 years that separate these two books is the turn from a political economy that managed to distribute wealth more evenly to the current level of extreme inequality and hierarchy. Kim Phillips-Fein, The New Republic, 28 Aug. 2023 For many baby boomers, entrepreneurship was a matter of building new careers out of the struggle against the social problems produced by the midcentury political economy and its collapse. Matthew Gavin Frank, Harper's Magazine, 1 May 2023 Adam Smith, the sage of classical political economy, was as keen observer of businesses as any. Tilak Doshi, Forbes, 21 Feb. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'political economy.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1868, in the meaning defined at sense 1

Time Traveler
The first known use of political economy was in 1868

Dictionary Entries Near political economy

Cite this Entry

“Political economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/political%20economy. Accessed 30 Nov. 2023.

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