Early name for the discipline of economics. A field within economics encompassing several alternatives to neoclassical economics, including Marxist economics. Also called radical political economy. A field within economics that concerns the interactions between political processes and economic variables, especially economic policies.
This is the interaction between the worlds of politics and economics, especially the effect that political events have on economic systems, the effect of economics on politics, and a way of examining the political process through the tools of economic analysis.
The combination, in theory or in practice, of politics and economics. The political system and the economic system are inextricably intertwined, because many of the decisions made by the political system have significant impacts on the economy and activities within the economic system have major impacts on the state. Two ideal type political economies are the market economy and the command economy.