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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



... taught in them are history, political economy, mathematics, and jurisprudence. Their theological creed is so short that it can be written on two pages. It contains this doctrine simply, that God, the creator of all things, shall be loved and honored; and that He will, ...
— Niels Klim's journey under the ground • Baron Ludvig Holberg
... said Vorticella, in a tone of concession. "A few of the notices are written with some pains, but not one of them has really grappled with the chief idea in the appendix. I don't know whether you have studied political economy, but you saw what I said on page 398 ...
— Impressions of Theophrastus Such • George Eliot
... What errors in political economy and statesmanship are committed in consequence of the over-estimation or under-estimation of particular values, or the non-estimation of some among them! Everything, it is asserted, is the product of human labor; but the gold or the diamond ...
— Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry • Albert Pike
... when he was elevated to the highest position in America which the Nation could bestow, was recognized as one of the greatest essayists and students of history, political economy, constitutional law and government in the country. And those who made light of his "book-learning" and referred to him as "the school-master president," came to know that his training and the very character of his life's work fitted him better than probably any other man in America to deal with ...
— Kelly Miller's History of the World War for Human Rights • Kelly Miller
... interviews with John Stuart Mill and George Eliot. Stuart Mill's wife was the sister of Arthur and of Alfred Hardy, of Adelaide, and the former had given to me a copy of the first edition of Mill's "Political Economy," with the original dedication to Mrs. John Taylor, who afterwards became Mill's wife, which did not appear in subsequent editions; but, as he had two gift copies of the same edition, Mr. Hardy sent it on to me with his almost illegible handwriting:—"To Miss Spence from the author, ...
— An Autobiography • Catherine Helen Spence


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