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political economy

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(economics, politics) Interdisciplinary studies drawing upon economics, law, and political science in explaining how political institutions, the political environment, and the economic system — capitalist, socialist, mixed, and so on — influence each other.

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political economy

noun

Political economy is the study of how economic systems and political institutions interact.

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Arguing for a limit on the power of money, [John Maynard Keynes] was faithful to a long tradition of political economy that was concerned with the balance of interests and the dangers of financial domination.

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political economy

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