Political economy is the branch of social science that analyses the correlation between the state, markets and society. It borrows ideas and theories from political science, economics and sociology. The term ‘Political economy’ itself is derived from Greek words polis meaning “city” or the state and oikonomos which means “housekeeper” or the one who manages […]
ECONOMICS IN EVERYDAY LIFE: BEYOND THE BOOKS
When the word ‘Economics’ is thought about, what generally comes in mind is GDP, production, unemployment, central bank and government’s measures to sustain or support the economy. A common misconception is that economics is applied only at the macro level, that is to say, the economy of nations, the world economy and by corporate firms […]
