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Re: the expression "political economy"


phillp2@xxxxxxxxxxxxxxx wrote:

> I have always liked Branko Horvats definition of political economy
> as "a fusion of economic and political theory into one single social
> theory."

This implies that they were ever separate. The allocation of resources
is obviously the most political of acts, and the aim of economics seems
to have been above all to conceal this fact. One cannot fuse or join
what were never separate.

Carrol

See Ellen Meiksins Wood, *Democracy against Capitalism*, Chapter
1, "The Separation of the 'Economic' and the 'Political" in Capitalism"
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