Donald (Professor of Economics, University of California, Santa Cruz) Wittman
Over its long lifetime, "political economy" has had many different meanings: the science of managing the resources of a nation so as to provide wealth to its inhabitants for Adam Smith; the study of how the ownership of the means of production influenced historical processes for Marx; the study of the inter-relationship between economics and politics for some twentieth-century commentators; and for others, a methodology emphasizing individual rationality (the economic or "public choice" approach) or institutional adaptation (the sociological version). This Handbook views political...
Over its long lifetime, "political economy" has had many different meanings: the science of managing the resources of a nation so as to provide wealth...