Describe the usefulness and limitations of the Political Economy approach in the study of Comparative Politics
Political economy is basically involved in studying production and trade, and their relations with law, custom, and government, as well as with the distribution of national income and affluence. Political economy instigated in moral philosophy. Political economy, the intersection of economics and politics is the groundwork of the modern social sciences and the focus of founding sociological theorists, most notably Max Weber, Karl Marx, and Friedrich Engels. Debatably, with his extended concern for the division of labour, even Emile Durkheim was deeply concerned with political economy. Although, this is not the case for economics and political science, the meaning of political economy has been impartially consistent in sociology. That is, the sociological inspection of political economy has retained a focus on the intersection between the political and the economic. Theoretical prominences have ______ ________ ________ ____ ______ ________ ____ _____ ________.
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