What is the general definition of political economy?

TOPIC 1 - POLITICAL ECONOMY AS A FIELD OF STUDY

Flashcard
•
Social Studies
•
University
•
Hard
Lyssa Lumaad
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30 questions
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1.
FLASHCARD QUESTION
Front
Back
Political economy is the study of control and survival in social life (Mosco, 2009, p. 25).
2.
FLASHCARD QUESTION
Front
How is political economy applied to media and communication?
Back
It is the study of social relations, particularly power relations, that mutually constitute the production, distribution, and consumption of resources, including communication resources (Mosco, 2009, p. 24).
3.
FLASHCARD QUESTION
Front
What does the term 'political' derive from?
Back
The Greek word 'polos' meaning city-state.
4.
FLASHCARD QUESTION
Front
What does the term 'economics' derive from?
Back
The Greek words 'oikos' (house) and 'nomos' (law), meaning household management.
5.
FLASHCARD QUESTION
Front
What is the role of the political economist?
Back
To explain how capitalism is sustained and assess its implications for human life.
6.
FLASHCARD QUESTION
Front
What is Karl Marx's basic belief as presented in The Communist Manifesto?
Back
All men should work for the greater good, and the impoverished would benefit the most from this theory.
7.
FLASHCARD QUESTION
Front
What is Adam Smith's basic idea in The Wealth of Nations?
Back
If each man works for his own benefit, it will in turn benefit the entire public.
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