Political Theory and Political Economy

Stephen L. Elkin

in The Oxford Handbook of Political Theory

Published in print June 2008 | ISBN: 9780199548439
Published online September 2009 | | DOI:

Series: Oxford Handbooks of Political Science

 Political Theory and Political Economy

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This article describes the connection between political theory and political economy. It argues that political theorists need to take account of political economy in theorizing about the contemporary world because capitalism is the most powerful force at work in shaping the modern sociopolitical world. It also explains that economic questions concerning economic growth, the distribution of wealth and income, and role of markets are at the core of the political life in democratic societies.

Keywords: political theory; political economy; capitalism; sociopolitical world; economic growth; distribution of wealth; income distribution; markets; democratic societies

Article.  6939 words. 

Subjects: Politics ; Political Theory

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