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Jose
Student
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What would you recommend me to look for in Political Economy?
Hey everyone! Sorry to bother, but I just joined the platform, so I wanted to know: As an Economic major, what would you recommend me to look for on Political Economy? As in, to learn about the diverse forms of political economic thought?
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Chinyere Okafor
Educationist and Counseling Psychologist
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Port Harcourt, Rivers, Nigeria
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Chinyere’s Answer
Welcome, Jose!
Don't worry; the same thing that makes this topic so fascinating is your curiosity. Because political economy lies at the intersection of philosophy, politics, and economics, it is an interesting area of study. You're in the right place if you're majoring in economics and wish to learn more about political economy.
An excellent starting point is looking into various political economy schools of thought. Keynesianism, neoliberalism, institutional economics, and classical political economy—think of Adam Smith, David Ricardo, and Karl Marx—are all included in this. Each has a different viewpoint on the distribution of power and resources and the ideal structure for economies. Study the development of these theories and, more significantly, their impact on the economic and policy systems of today.
Comparative political economy, which studies how various nations set up their economies, including the role of the state, labor markets, welfare systems, and globalization, may also be something you wish to investigate. If you have an interest in international development or public politics, this can be really helpful.
Additionally, keep in mind the ethical and philosophical aspects; political economy is primarily interested in issues such as what constitutes a just society. Who has the authority to determine economic priorities? Asking questions like this encourages critical thinking in addition to technical thinking.
Lastly, make an effort to read outside of the classroom by engaging yourself in books, journals, and podcasts featuring a variety of viewpoints. Depending on what most interests you, research intellectuals such as Thomas Piketty, Ha-Joon Chang, Elinor Ostrom, or Amartya Sen. Additionally, if at all possible, enroll in political science, sociology, or philosophy classes or lectures; they will help you develop your perspective and improve your understanding.
Your willingness to study is exactly what political economy needs as you enter a field that has a lot of relevance to real-world issues. Asking questions will help you discover your own voice in it.
Best wishes!
Don't worry; the same thing that makes this topic so fascinating is your curiosity. Because political economy lies at the intersection of philosophy, politics, and economics, it is an interesting area of study. You're in the right place if you're majoring in economics and wish to learn more about political economy.
An excellent starting point is looking into various political economy schools of thought. Keynesianism, neoliberalism, institutional economics, and classical political economy—think of Adam Smith, David Ricardo, and Karl Marx—are all included in this. Each has a different viewpoint on the distribution of power and resources and the ideal structure for economies. Study the development of these theories and, more significantly, their impact on the economic and policy systems of today.
Comparative political economy, which studies how various nations set up their economies, including the role of the state, labor markets, welfare systems, and globalization, may also be something you wish to investigate. If you have an interest in international development or public politics, this can be really helpful.
Additionally, keep in mind the ethical and philosophical aspects; political economy is primarily interested in issues such as what constitutes a just society. Who has the authority to determine economic priorities? Asking questions like this encourages critical thinking in addition to technical thinking.
Lastly, make an effort to read outside of the classroom by engaging yourself in books, journals, and podcasts featuring a variety of viewpoints. Depending on what most interests you, research intellectuals such as Thomas Piketty, Ha-Joon Chang, Elinor Ostrom, or Amartya Sen. Additionally, if at all possible, enroll in political science, sociology, or philosophy classes or lectures; they will help you develop your perspective and improve your understanding.
Your willingness to study is exactly what political economy needs as you enter a field that has a lot of relevance to real-world issues. Asking questions will help you discover your own voice in it.
Best wishes!
Thank you so much, Chinyere! I'll be looking into these, and thank you for the other advice as well! Much blessings, and I hope you have a wonderful weekend!
Jose
You're very welcome! I'm glad I could help. Wishing you all the best as you go through everything, and may your weekend be just as wonderful. Many blessings to you too!
Chinyere Okafor