What Is Political Economy?

This episode focuses on the economic aspects of marxism. We hope it acts as a solid introduction and foundation from which our listeners can launch into no deeper dives themselves. First, we need to understand exactly what political economy is in order to kind of unpack what all this means for understanding these issues within marks. This was more than an administrative classification of disciplines. It arose from the widespread view that political factors are crucial in determining economic outcomes. Hence, a discipline of economics historically viewed political forces not only as inter influencing economic outcomes, but also as a determining influence.