Political Economy As A Branch Of Social Science Essay

The apportionment of seats in the House of Representatives is calculated based on a state’s adult population,

Two names that are repeatedly mentioned in sociological theory are Karl Marx and Max Weber. In some ways these two intellectuals were similar in the way they looked at society. There are also some striking differences. In order to compare and contrast these two individuals it is necessary to look at each of their ideas. Then a comparison of their views can be illustrated followed by examples of how their perspectives differ from each other.

In class, we talked about discrimination in society through economic inequality with Marx, and then with Durkheim. We discussed the positive viewing of individualism in society through inequality. Max Weber is comparable to Karl Marx because they both focus on inequality and capitalism. However, unlike Marx, Weber views the uneconomic actions in society. He has an interpretive view, and as an interpretive sociologist, this means he focuses on the concerns of the society itself and not the people

Economic systems are organized way in which a state or nation allocates its resources and apportions goods and services in the national community. An economic system is slackly defined as country’s plan for its services, goods produced, and the exact way in which its economic plan is carried out. There are three types of economic systems exist, they are command economy, market economy, and mixed economy. Command economy is also sometimes called planned economy. The expectations of this type of economy is that all major decisions that related to the construction or production, distribution, commodity and service prices are all made by the government. However, in market economy, national and state governments play a

International political economy is an important subdiscipline of international relation. It has three main ideologies, Liberalism, Mercantilism and Marxism. In this essay there will be three parts, first part is to demonstrate what the Liberalism and Mercantilism are on the perspective of international political economy and then the second part is to compare and contrast these two ideologies of political economy. At last, give a conclusion to the Liberalism and Mercantilism.

In this way, the Fed manages price inflation in the economy. So bonds affect the U.S. economy by determining interest rates. This affects the amount of liquidity. This determines how easy or difficult it is to buy things on credit, take out loans for cars, houses or education, and expand businesses. In other words, bonds affect everything in the economy. Treasury bonds impact the economy by providing extra spending money for the government and consumers. This is because Treasury bonds are essentially a loan to the government that is usually purchased by domestic consumers. However, for a variety of reasons, foreign governments have been purchasing a larger percentage of Treasury bonds, in effect providing the U.S. government with a loan. This allows the government to spend more, which stimulates the economy. Treasury bonds also help the consumer. When there is a great demand for bonds, it lowers the interest rate.

Di sisi lain, ketertarikan Weber pada struktur otoritas dipengaruhi oleh kepentingan politiknya. Weber bukanlah seorang politikus radikal; bahkan, ia kerap dijuluki "Marx borjuis" sebagai cerminan kemiripan ketertarikan intelektual Marx dan Weber sekaligus perbedaan orientasi politik keduanya.

The definition of political economy is not simple. This essay uses the definitions given by Vincent Mosco and explores its origin in Greek and inspiration from the Classical Political Economy. Apart from the Classical Political Economy, this essay also describes other forms of this approach, such as Critical Political Economy and Neoclassical Political Economy. Latter the characteristics of political economy study are also discussed based on Vincent Mosco’s work in the 1990s.

Political science includes a wide range of topics that attempts to describe and explain the political process, politics, and the relationship among governments. As American citizens we should all be informed and be educated about all these above topics. We as citizens cannot be unconscious of our government as the government can make or break our lives. The general areas of study in political science include American government and politics, political theory, public administration, public law, comparative politics and international relations.

Max Weber a German sociologist born in 1864. He was primarily concerned with the modern western society. He saw that the behaviour of individuals was increasingly

Max Weber was one of the world's greatest sociologists and wrote a lot about the capitalist world he lived in. He had a different conception of capitalist society than most of his contemporaries. He looked at capitalism from all the different aspects that the philosophy was made of. Some of these aspects are state power, authority, class inequality, imperialism, and bureaucracy. To understand how Weber thought one must look at each area separately then put them all together in a global package.

Weber was concerned to demonstrate, contrary to Marx's thought, that culture was not reducible to the economic aspect of a society. Weber insisted that culture was to be considered as an autonomous value-sphere of any society. We might define such a value-sphere as; "..a distinct realm of activity which has its own inherent dignity and in which certain values, norms, obligations are inherent." (Brubaker:1983) Not only is this value-sphere of culture autonomous but, for Weber, it has the ability to construct forms of economic activity! For Weber, culture is seen as an agent in the production and maintenance of social relations. For

Political economy is the study of production and trade and their links with custom, government and law. It is the study and use of how economic theory and methods influence and develop different social and economic systems, such as capitalism, socialism and communism, and it analyzes how public policy is created and implemented. Since various individuals and groups have different interests in how a country or economy is to develop, political economy as a discipline is a complex field, covering a broad array of potentially competing interests (Investopedia).

The study of an economic world is a complex and unpredictable undertaking, involving people buying, selling, investing, bargaining and persuading. As a result of it being broad and complex, it is divided into many disciplines to make reason from information given by the economy.

Just like Marx, Max Weber is a German sociologist and philosopher and his ideas have always influenced the society in many ways. He is referred to as one of the founding fathers of modern sociology. He has given many ground breaking theories like theory of bureaucracy and theory of social class. His theories are important because he helped us to understand the nature of society. He disagreed with the Marxian understanding of class and Auguste Comte's theory of positivism.