political economy


Definition of political economy

1 : economics
2 : the theory or study of the role of public policy in influencing the economic and social welfare of a political unit

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Other Words from political economy

political economist noun

Examples of political economy in a Sentence

Recent Examples on the Web Greg Marchal is pursuing a major in economics and minors in math, data analytics, and political economy at Michigan State University. Michael T. Nietzel, Forbes, "The 2021 Class Of Truman Fellows Is Announced," 16 Apr. 2021 Kirk was clearly more comfortable with the moral outlook of Smithian political economy than the model-and-measure technocracy of university economics, which certainly would not be granted a place in Kirk’s scholarly pantheon. Alexander William Salter, National Review, "Is Economics a Liberal Art?," 31 Mar. 2021 Paying higher ransoms only incentivize kidnapping, says Anja Shortland, a professor of political economy at King's College in London, an expert on piracy ransom money. Saudamini Jain, CNN, "Indian sailors are being caught in a piracy boom off West Africa. One captain held hostage shares his story," 20 Mar. 2021 Since the early 1990s, the politicization of ethnicity has become a major challenge to political economy in Ethiopia. John Mukum Mbaku, Washington Examiner, "Catastrophe in the Horn of Africa," 18 Mar. 2021 His principal area of research is the political economy of the New Deal, a period of intense public expenditure during the Great Depression that gave way to the even greater spending of World War II. Samanth Subramanian, Quartz, "The big-spending state may be here to stay—even after the pandemic ends," 27 Feb. 2021 Yet this type of policy isn’t meant to reflect the present-day market so much as influence the country’s future political economy. Robinson Meyer, The Atlantic, "The Weekly Planet: Why Biden is Buying 645,000 New Cars," 26 Jan. 2021 The advocates for a more expansive MMT return again and again to the danger of zero-sum political economy as a dead-end for the left. Alex Yablon, The New Republic, "This Year’s Underground Sensation: Modern Monetary Theory," 31 Dec. 2020 Alicia Smith is a public policy consultant based in Washington, D.C., with experience in both U.S. and European policy and political economy. Alicia Smith, Washington Examiner, "Operation Warp Speed's success," 21 Jan. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'political economy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of political economy

1868, in the meaning defined at sense 1

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Time Traveler for political economy

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The first known use of political economy was in 1868

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Statistics for political economy

Last Updated

23 Apr 2021

Cite this Entry

“Political economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/political%20economy. Accessed 7 May. 2021.

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Britannica.com: Encyclopedia article about political economy

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