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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



... have been classed under the heads of political, penal, and canonical legislation are the most numerous, and are those which bear most decidedly an imperative or prohibitive stamp; amongst them a prominent place is held by measures of political economy, administration, and police; you will find therein an attempt to put a fixed price on provisions, a real trial of a maximum for cereals, and a prohibition of mendicity, with the ...
— A Popular History of France From The Earliest Times - Volume I. of VI. • Francois Pierre Guillaume Guizot
... altogether to be trifled with, as we knew from the mishap of a poor Indian servant, who was caught in the bazar in the fact of taking thirteen of the Pasha's tin piasters in change for a dollar, when the political economy of Cairo had decreed that twelve were to be equal in public estimation, and was immediately incarcerated in the place of skulls, or at least of heads, from which it is supposed he would have come out shorn of ...
— The Mirror of Literature, Amusement, and Instruction - Volume 19, No. 543, Saturday, April 21, 1832. • Various
... which our story opens, there were still slaves in Brazil, and as a natural consequence, captains of the woods to pursue them. For certain reasons of political economy the hour of general emancipation had been delayed, but the black had at this date the right to ransom himself, the children which were born to him were born free. The day was not far distant when the magnificent country, into which could be put three-quarters of the ...
— Eight Hundred Leagues on the Amazon • Jules Verne
... should always be in keeping with the character of the visit. You must not talk about literature in a visit of condolence, nor about political economy in a ...
— The Laws of Etiquette • A Gentleman
... address ourselves to commercial life first, for the labour by which man lives is at the bottom of everything. Here we meet the now well-recognised principle in political economy, that generally wages, salaries, remunerations of all kinds, are in pretty exact relation to the value of the services performed—this value being of course determined, in a great degree, by the easiness or difficulty of the work, ...
— Chambers's Edinburgh Journal, No. 420, New Series, Jan. 17, 1852 • Various


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