political economy
Political economy (English: political economy), broadly speaking, is to study a social production, capital, circulation, exchange, distribution and consumption of economic activities, economic relations and economic laws of the discipline. The first person to use the word "political economy" was the French A.de.mon, who published the book "The Politics of the King and the Queen" in 1615. Adam Smith believes that the study of "the generation and distribution of national wealth," the science, the current international macroeconomic generally replaced the word. The ancient heavy farming doctrine that land is the fundamental source of all wealth; in contrast, political economy is put forward the theory of labor value, that wealth comes from labor. This theory was first proposed by John Locke, and later by Adam Smith and Marx to further improve. Political economy also makes it easy to note that technological progress is becoming increasingly important in economic and social relations. At the end of the nineteenth century, political economy was often used as synonymous with economics. ...