The Political Economy of the State

The political economy of the state looks at how government decisions, policies, and institutions are influenced by economic interests and power dynamics. It explores how different groups—like businesses, workers, and politicians—interact and shape public policies that affect the economy and society. Essentially, it studies the relationship between politics and economics, understanding that government actions are often driven by economic incentives, power relations, and societal needs, rather than solely by ideal or moral considerations. This approach helps explain why policies vary across countries and how economic and political forces are interconnected.