IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v60y1984i3p266-273.html
   My bibliography  Save this article

Political Economy

Author

Listed:
  • H. W. ARNDT

Abstract

The term ‘political economy’ has a long and curious history, from its 17th‐century meaning of statecraft to the classical economists' use of it for what later came to be called economics and its recent appropriation by neo‐Marxists for social theory which, in contrast to ‘orthodox’ economics, goes into history, politics and sociology, focuses on power relationships and combines positive analysis with advocacy. This article points out that there are now at least two schools of political economy in this tatter sense, the neo‐Marxist and the ‘Chicago’ school. The concluding section distinguishes sensible and not so sensible uses of the term.

Suggested Citation

  • H. W. Arndt, 1984. "Political Economy," The Economic Record, The Economic Society of Australia, vol. 60(3), pages 266-273, September.
    • Handle: RePEc:bla:ecorec:v:60:y:1984:i:3:p:266-273
    DOI: 10.1111/j.1475-4932.1984.tb00861.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1984.tb00861.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1984.tb00861.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
    2. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    3. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1.
    4. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Darcy W E Allen, 2020. "When Entrepreneurs Meet:The Collective Governance of New Ideas," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number q0269, August.
    2. Gabriel Leite Mota, 2022. "Unsatisfying ordinalism: The breach through which happiness (re)entered economics," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(3), pages 513-528, June.
    3. Wei-Bin Zhang, 2016. "Exchange Values of Gold, Land, Physical Capital, and Human Capital in a Neoclassical Growth Model," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 265-286, September.
    4. Yang, Chia-Hsuan & Nugent, Rebecca & Fuchs, Erica R.H., 2016. "Gains from others’ losses: Technology trajectories and the global division of firms," Research Policy, Elsevier, vol. 45(3), pages 724-745.
    5. Andrea Bonoldi & Chiara Dalle Nogare & Martin Mosler & Niklas Potrafke, 2020. "Do inheritance rules affect voter turnout? Evidence from an Alpine region," Constitutional Political Economy, Springer, vol. 31(4), pages 395-445, December.
    6. Bruce E. Kaufman, 2010. "Chicago and the Development of Twentieth-Century Labor Economics," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 9, Edward Elgar Publishing.
    7. Neil J. Smelser, 1992. "The Rational Choice Perspective," Rationality and Society, , vol. 4(4), pages 381-410, October.
    8. Ross Gittell & Allen Kaufman & Marvin Karson & Ron McChesney, 2000. "The New Economic Geography of the States," Economic Development Quarterly, , vol. 14(2), pages 182-193, May.
    9. Madhavan, Naveen & White, Gareth R.T. & Jones, Paul, 2023. "Identifying the value of a clinical information system during the COVID-19 pandemic," Technovation, Elsevier, vol. 120(C).
    10. Manuel Couret Branco, 2016. "Economics for substantive democracy," Review of Social Economy, Taylor & Francis Journals, vol. 74(4), pages 369-389, October.
    11. Stef Proost & Jacques-François Thisse, 2019. "What Can Be Learned from Spatial Economics?," Journal of Economic Literature, American Economic Association, vol. 57(3), pages 575-643, September.
    12. Brian Snowdon, 2008. "Towards a Unified Theory of Economic Growth: Oded Galor on the Transition from Malthusian Stagnation to Modern Economic Growth," Working Papers 2008-4, Brown University, Department of Economics.
    13. Dustmann, C. & van Soest, A.H.O., 1995. "Generalized switching regression analysis of private and public sector wage structures in Germany," Discussion Paper 1995-44, Tilburg University, Center for Economic Research.
    14. Lee, Kang-Soek & Werner, Richard A., 2018. "Reconsidering Monetary Policy: An Empirical Examination of the Relationship Between Interest Rates and Nominal GDP Growth in the U.S., U.K., Germany and Japan," Ecological Economics, Elsevier, vol. 146(C), pages 26-34.
    15. Thomas Ejdemo & Daniel Örtqvist, 2021. "Exploring a leading and lagging regions dichotomy: does entrepreneurship and diversity explain it?," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-26, December.
    16. Gregory F Randolph & Michael Storper, 2023. "Is urbanisation in the Global South fundamentally different? Comparative global urban analysis for the 21st century," Urban Studies, Urban Studies Journal Limited, vol. 60(1), pages 3-25, January.
    17. Pflüger, Michael & Tabuchi, Takatoshi, 2019. "Comparative advantage, agglomeration economies and trade costs," Journal of Urban Economics, Elsevier, vol. 109(C), pages 1-13.
    18. Tin Htoo NAING & Yap Su FEI, 2015. "Multinationals, Technology and Regional Linkages in Myanmar's Clothing Industry," Working Papers DP-2015-14, Economic Research Institute for ASEAN and East Asia (ERIA).
    19. Seyoum, Belay, 2007. "Trade liberalization and patterns of strategic adjustment in the US textiles and clothing industry," International Business Review, Elsevier, vol. 16(1), pages 109-135, February.
    20. Hausmann, Ricardo & Stock, Daniel P. & Yıldırım, Muhammed A., 2022. "Implied comparative advantage," Research Policy, Elsevier, vol. 51(8).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:60:y:1984:i:3:p:266-273. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.