Political economy

Political economy originally was the term for studying production, buying, and selling, and their relations with law, custom, and government, as well as with the distribution of national income and wealth, including through the budget process. Political economy originated in moral philosophy. It developed in the 18th century as the study of the economies of states, polities, hence political economy. In the late nineteenth century, the term 'economics' came to replace 'political economy', coinciding with publication of an influential textbook by Alfred Marshall in 1890.[1] Earlier, William Stanley Jevons, a proponent of mathematical methods applied...

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Politician

A politician or political leader (from Greek "polis") is an individual who is involved in influencing public policy and decision making. This includes people who hold decision-making positions in government, and people who seek those positions, whether by means of election, coup d'état, appointment, electoral fraud, conquest, right of inheritance (see also: divine right) or other means. Politics is not limited to governance through public office. Political offices may also be held in corporations, and other entities that are governed by self-defined political processes. Considered a Politician     * In a state, a member of the...

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World politics

The 20th century witnessed the outcome of two world wars and not only the rise and fall of the Third Reich but also the rise and fall of communism. The development of the Atomic bomb gave the United States a more rapid end to its conflict in Japan in World War II. Later, the development of the Hydrogen bomb became the ultimate weapon of mass destruction. The United Nations has served as a forum for peace in a world threatened by nuclear war. "The invention of nuclear and space weapons has made war unacceptable as an instrument for achieving political ends." Although an all-out final nuclear holocaust is out of the question for man, "nuclear...

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