Political Economy

(4632 words)
  • Stewart Crehan (Manchester Metropolitan University)

Literary/ Cultural Context Essay

  • The Literary Encyclopedia. Volume 12: Global Voices, Global Histories: World Literatures and Cultures.

Political economy is the theory of wealth and of how wealth is created and shared out in society. Its key concepts are production, distribution, exchange, and consumption. The word “economy”, originally spelt “oeconomy”, derives from oikos, a household, and nomos, law. The oikonomos in ancient Greece is one who manages and sets the laws of the household. In Homer's Odyssey Odysseus's real identity is inseparable from his status as ruler of his oikos in Ithaca, with its house, land, slaves, cattle and stored produce. The term économie politique, first coined by the philosophes of the French …

Please log in to consult the article in its entirety. If you are a member (student of staff) of a subscribing institution (see List), you should be able to access the LE on campus directly (without the need to log in), and off-campus either via the institutional log in we offer, or via your institution's remote access facilities, or by creating a personal user account with your institutional email address. If you are not a member of a subscribing institution, you will need to purchase a personal subscription. For more information on how to subscribe as an individual user, please see under Individual Subcriptions.

Citation:
Crehan, Stewart. "Political Economy". The Literary Encyclopedia. First published 05 October 2004
[http://www.litencyc.com/php/stopics.php?rec=true&UID=1482, accessed 02 August 2015.]