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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



... reported facts which do not belong to their own pursuit, and thinking to effect everything without aid from any other quarter. Thus, before now, chemistry has been substituted for medicine; and again, political economy, or intellectual enlightenment, or the reading of the Scriptures, has been cried up as a panacea against ...
— The Idea of a University Defined and Illustrated: In Nine - Discourses Delivered to the Catholics of Dublin • John Henry Newman
... amusement she took up with the view of gaining an independent livelihood; and she conceived the idea of employing fiction as a vehicle for the exposition and popularization of the principles of social and political economy. The idea was as new as it was happy; nor could it have been realized at a more opportune time than when the English public was beginning to awake from its long political lethargy, and to assert the rights of the nation ...
— Celebrated Women Travellers of the Nineteenth Century • W. H. Davenport Adams
... my head in both my hands ever since, trying to figure out the intellectual kinship between myself and the one who wrote: "Long before I knew of you, I had mixed political economy and history and deducted therefrom many of your ...
— The Cruise of the Snark • Jack London
... Intellectual Sciences, which embraced all the Epistimiim or "Sciences relative to the minds of animals, to the human mind, to spiritual existences, to the Deity, and to religion." It is worthy of note also that Chemistry, Medicine, and Political Economy were provided for under the names of Chymia, Iatrica, and Oeconomica. This scheme, which was prepared by Augustus B. Woodward, Presiding Judge of the territorial Supreme Court, went further than ...
— The University of Michigan • Wilfred Shaw
... On August 29, 1901, she ordered "the abolition of essays on the Chinese classics in examinations for literary degrees, and substituted therefor essays and articles on some phase of modern affairs, Western laws or political economy. This same procedure is to be followed in examination of candidates ...
— Court Life in China • Isaac Taylor Headland


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