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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The varieties of political experience

According to Aristotle, States are classified into monarchies, aristocracies, timocracies, democracies, oligarchies, and tyrannies. Due to an increase in knowledge of the history of politics, this classification has been abandoned. Generally speaking, no form of government could be considered the best if the best is considered to be the one that is most appropriate under the circumstances. All States are varieties of a single type, the sovereign State. All the Great Powers of the modern world rule on the principle of sovereignty. Sovereign power may be vested on an individual as in an autocratic government or it may be vested on a group as in...

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Politics and Political System

Politics is a process by which groups of people make collective decisions. The term is generally applied to the art or science of running governmental or state affairs. It also refers to behavior within civil governments. However, politics have been observed in other group interactions, including corporate, academic, and religious institutions. It consists of "social relations involving authority or power"[1] and refers to the regulation of public affairs within a political unit,[2] and to the methods and tactics used to formulate and apply policy. EtymologyThe word politics comes from the Greek word Πολιτικά (politika), modeled on Aristotle's...

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Politic

Politic hot n...

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