PSCI 1200 Lecture Notes - Lecture 8: International Political Economy, World Politics, Neoliberalism
26 Nov 2015
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We tend to think of economics as a sphere outside of the household. Economics is the study of the production and distribution of goods and wealth" (peterson 2014: Economics from the greek word oikonomia" the care and management of the household". We often talk about economics in the practical sense the economy but is also a discipline. This separation works against understanding the overlapping and interdependent dimensions of these disciplines" (peterson 2014: 371). Political economy bringing these two disciplines together. Attempt at approaching the world as holistic something that sees disciplines such as politics and economics as not existing in a vacuum. Forces of industrial capitalism in the 18th century were altering conditions of social life and posing challenging human problems. He saw markets as inextricably linked to other social, institutional and political dynamics can"t see economy as something existing in a vacuum. As universities became central to the production of knowledge, studies of social life fragmented into disciplinary specializations.
