|Authors:||R. Weingast, Barry|
DONALD A. WITTMAN
|Publisher:||Oxford University Press,Inc.,|
|Description:||Over its long lifetime, the phrase “political economy” has had many different meanings. For Adam Smith, political economy was the science of managing a nation’s resources so as to generate wealth. For Marx, it was how the ownership of the means of production influenced historical processes. For much of the twentieth century, the phrase political economy has had contradictory meanings. Sometimes it was viewed as an area of study (the interrelationship between economics and politics) while at other times it was viewed as a methodological approach|
|Appears in Collections:||Education Planning & Management(EDPM)|
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