Concept
Economy
Overview
social domain encompassing the production, distribution, trade, and consumption of goods and services; shaped by culture, technology, political structure, and natural resources, involving individuals, businesses, and governments
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
Possible passages
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To this definition is frequently appended a familiar illustration. Political Economy, it is said, is to the state, what domestic economy is to the family.
John Stuart Mill, Essays on some unsettled Questions of Political Economy
Names Economy several times; states what Economy is.
The meaning of the term was then extended to the government of that great family, the State. To distinguish these two senses of the word, the latter is called _general_ or _political_ economy, and the former domestic or particular economy. The first only is discussed in the present discourse.
Jean-Jacques Rousseau, The social contract & discourses
The chapter “A DISCOURSE ON POLITICAL ECONOMY” is titled for Economy; states what Economy is.
_I. Objects and Methods._ Political economy is, in the widest sense, the science of the laws controlling the production and exchange of the material necessities of life in human society. Production and exchange are two entirely different functions. Production may exist without exchange, exchange--since there can only be exchange of products--cannot exist without production.
Friedrich Engels, Landmarks of Scientific Socialism
The chapter “POLITICAL ECONOMY” is titled for Economy; names Economy several times.
Philosophers who discussed Economy
Related ideas
- Greek language
- Government
- Princeton University Press
- Gross domestic product
- Great Britain
- Internet
- Goods and services
- Ancient Greek
- Industrial Revolution
- The Wall Street Journal
- Infrastructure
- Capital (economics)
- Adam Smith
- Competition
- Ecosystem service
- Culture
- Great Depression
- Marco Polo
- Milton Friedman
- Mesopotamia
- Economic policy
- North America
- Netherlands
- Film
Opposing perspectives
Place in the tradition
Part of Ecological economics.