It's called political economy because it is has nothing to do with either politics or economy.
About this quote
- What does it mean?
- The term political economy is ironically named because the subject often lacks genuine connection to actual politics or economic reality.
- In plain terms
- The name is ironic since the field ignores real politics and economics.
- What can you take from it?
- Scrutinize names and labels to see if they match reality.
Where it applies
Putting it to work
Questions to consider
- How often do titles mislead?
- What defines a real economy?
Another view
The field does aim to study politics and economics even if imperfectly.
More from Stephen Leacock
It's a lie, but Heaven will forgive you for it.
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