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Questions and Answers
Who are some of the earliest scholars attributed to the works of political economy?
Who are some of the earliest scholars attributed to the works of political economy?
- John Locke, Jean-Jacques Rousseau, and Montesquieu
- Karl Marx, Friedrich Engels, and John Maynard Keynes
- Milton Friedman, John Kenneth Galbraith, and Paul Samuelson
- Adam Smith, Thomas Malthus, and David Ricardo (correct)
What term gradually began to replace 'political economy' in the late 19th century?
What term gradually began to replace 'political economy' in the late 19th century?
- Marketology
- Economics (correct)
- Socioeconomics
- Macroeconomics
What does 'political' signify in the term 'political economy'?
What does 'political' signify in the term 'political economy'?
- The French word for policy
- The Greek word for trade
- The Latin word for government
- The Greek word polity (correct)
What is considered a widely studied phenomenon within political economy?
What is considered a widely studied phenomenon within political economy?
What does 'economy' signify in the term 'political economy'?
What does 'economy' signify in the term 'political economy'?
Who are some of the earliest scholars attributed to the works of political economy?
Who are some of the earliest scholars attributed to the works of political economy?
What is considered a widely studied phenomenon within political economy?
What is considered a widely studied phenomenon within political economy?
What does 'political' signify in the term 'political economy'?
What does 'political' signify in the term 'political economy'?
What term gradually began to replace 'political economy' in the late 19th century?
What term gradually began to replace 'political economy' in the late 19th century?
What does 'economy' signify in the term 'political economy'?
What does 'economy' signify in the term 'political economy'?
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Study Notes
Early Scholars of Political Economy
- Some of the earliest scholars attributed to the works of political economy include notable figures in the field.
The Term 'Economics'
- The term 'economics' gradually began to replace 'political economy' in the late 19th century.
Significance of 'Political' in 'Political Economy'
- The term 'political' in 'political economy' signifies the relationship between the economy and the government or state.
Widely Studied Phenomenon
- A widely studied phenomenon within political economy is the interaction between economic systems and political institutions.
Significance of 'Economy' in 'Political Economy'
- The term 'economy' in 'political economy' signifies the production, distribution, and consumption of goods and services within a society.
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