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Political economy most commonly refers to interdisciplinary studies drawing upon economics, sociology and political science in explaining how political institutions, the political environment, and the economic system—capitalist, socialist, communist, or mixed—influence each other. [14]
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Contemporary economic sociology may include studies of all modern social aspects of economic phenomena; economic sociology may thus be considered a field in the intersection of economics and sociology. Frequent areas of inquiry in contemporary economic sociology include the social consequences of economic exchanges, the social meanings they ...
When addressing political sociology, there is noted overlap in using sociology of politics as a synonym. Sartori outlines that sociology of politics refers specifically to a sociological analysis of politics and not an interdisciplinary area of research that political sociology works towards. This difference is made by the variables of interest ...
Political ideologies have two dimensions: (1) goals: how society should be organized; and (2) methods: the most appropriate way to achieve this goal. An ideology is a collection of ideas. Typically, each ideology contains certain ideas on what it considers to be the best form of government (e.g. autocracy or democracy ) and the best economic ...
As an academic discipline, public policy brings in elements of many social science fields and concepts, including economics, sociology, political economy, social policy, program evaluation, policy analysis, and public management, all as applied to problems of governmental administration, management, and operations. [80]
Political philosophy is a branch of philosophy, [1] but it has also played a major part in political science, within which a strong focus has historically been placed on both the history of political thought and contemporary political theory (from normative political theory to various critical approaches).
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...