The Political Economy

The political economy is the study of how political institutions, economic systems, and social factors interact and influence each other. It explores how government policies, like taxes and regulations, impact economic behavior and outcomes, such as wealth distribution and resource allocation. This field examines the relationships between politics, economics, and society, analyzing how power dynamics and economic interests shape decision-making processes. By understanding these interactions, we can better grasp how economic policies affect our lives and the broader society, including issues like inequality, public welfare, and sustainability.