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Political economy   /pəlˈɪtəkəl ɪkˈɑnəmi/   Listen
noun
economy  n.  (pl. economies)  
1.
The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy. "Himself busy in charge of the household economies."
2.
Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy.
3.
The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy. "The position which they (the verb and adjective) hold in the general economy of language." "In the Greek poets, as also in Plautus, we shall see the economy... of poems better observed than in Terence." "The Jews already had a Sabbath, which, as citizens and subjects of that economy, they were obliged to keep."
4.
Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony.
Political economy. See under Political.
Synonyms: Economy, Frugality, Parsimony. Economy avoids all waste and extravagance, and applies money to the best advantage; frugality cuts off indulgences, and proceeds on a system of saving. The latter conveys the idea of not using or spending superfluously, and is opposed to lavishness or profusion. Frugality is usually applied to matters of consumption, and commonly points to simplicity of manners; parsimony is frugality carried to an extreme, involving meanness of spirit, and a sordid mode of living. Economy is a virtue, and parsimony a vice. "I have no other notion of economy than that it is the parent to liberty and ease." "The father was more given to frugality, and the son to riotousness (luxuriousness)."


adjective
Political  adj.  
1.
Having, or conforming to, a settled system of administration. (R.) "A political government."
2.
Of or pertaining to public policy, or to politics; relating to affairs of state or administration; as, a political writer. "The political state of Europe."
3.
Of or pertaining to a party, or to parties, in the state; as, his political relations were with the Whigs.
4.
Politic; wise; also, artful. (Obs.)
Political economy, that branch of political science or philosophy which treats of the sources, and methods of production and preservation, of the material wealth and prosperity of nations.





Collaborative International Dictionary of English 0.48


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"Political economy" Quotes from Famous Books



... and to-morrow. I am interested in every department of science, arts, and manufacture. I read all the time on astronomy, chemistry, biology, physics, music, metaphysics, mechanics, and other branches—political economy, electricity, and, in fact, all things that are making for progress in the world. I get all the proceedings of the scientific societies, the principal scientific and trade journals, and read them. I also read The Clipper, The Police Gazette, The Billboard, ...
— Edison, His Life and Inventions • Frank Lewis Dyer and Thomas Commerford Martin
... under the special tutelage of President Francis Wayland. The bent of his mind in this, his early manhood, is perhaps best seen from his favorite branches of study, which were history, geology, and political economy. Having finished his collegiate studies, he returned to North Easton where he soon demonstrated that he was possessed of the same splendid business qualities by which his father and grandfather had fought their way to success. His natural love of mechanical ...
— Bay State Monthly, Volume II. No. 4, January, 1885 - A Massachusetts Magazine • Various
... capitalists, because officials have no economic interests that are opposed to those of wage-earners. But this argument involves far too simple a theory of political human nature—a theory which orthodox socialism adopted from the classical political economy, and has tended to retain in spite of growing evidence of its falsity. Economic self-interest, and even economic class-interest, is by no means the only important political motive. Officials, whose salary is ...
— Political Ideals • Bertrand Russell
... U.S., where he was raised. There are only a clumsy lot of spirits there, who can't make people hear without thumping on the table: but they get their living thereby, and I suppose that is all they want. And Aunt Agitate, in her Arguments on political economy, says there are none. Well, perhaps there are none—in her political economy. But it is a wide world, my little man—and thank Heaven for it, for else, between crinolines and theories, some of us would get squashed—and plenty of room in it for fairies, without people seeing them; unless, of course, ...
— The Water-Babies - A Fairy Tale for a Land-Baby • Charles Kingsley
... inclined, said that she had heard that the ladies in Millville had spent one afternoon a week in the study of Political Economy, with very much benefit; they felt that their minds had been enlarged and strengthened; her preference would be for something of that sort, some broad, deep subject, that would require study; she would ...
— Divers Women • Pansy and Mrs. C.M. Livingston


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