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3 definitions found
 for Political economy
From The Collaborative International Dictionary of English v.0.48 :

  Political \Po*lit"i*cal\, a.
     1. Having, or conforming to, a settled system of
        administration. [R.] "A political government." --Evelyn.
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     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."
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     3. Of or pertaining to a party, or to parties, in the state;
        as, his political relations were with the Whigs.
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     4. Politic; wise; also, artful. [Obs.] --Sterne.
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     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.
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From The Collaborative International Dictionary of English v.0.48 :

  economy \e*con"o*my\ ([-e]*k[o^]n"[-o]*m[y^]), n.; pl.
     Economies ([-e]*k[o^]n"[-o]*m[i^]z). [F. ['e]conomie, L.
     oeconomia household management, fr. Gr. o'ikonomi`a, fr.
     o'ikono`mos one managing a household; o'i^kos house (akin to
     L. vicus village, E. vicinity) + no`mos usage, law, rule, fr.
     ne`mein to distribute, manage. See Vicinity, Nomad.]
     1. The management of domestic affairs; the regulation and
        government of household matters; especially as they
        concern expense or disbursement; as, a careful economy.
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              Himself busy in charge of the household economies.
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     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.
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     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.
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              The position which they [the verb and adjective]
              hold in the general economy of language. --Earle.
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              In the Greek poets, as also in Plautus, we shall see
              the economy . . . of poems better observed than in
              Terence.                              --B. Jonson.
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              The Jews already had a Sabbath, which, as citizens
              and subjects of that economy, they were obliged to
              keep.                                 --Paley.
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     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.
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     Political economy. See under Political.
     Syn: 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
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                I have no other notion of economy than that it is
                the parent to liberty and ease.     --Swift.
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                The father was more given to frugality, and the
                son to riotousness [luxuriousness]. --Golding.
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From WordNet (r) 3.0 (2006) :

  political economy
      n 1: the branch of social science that deals with the production
           and distribution and consumption of goods and services and
           their management [syn: economics, economic science,
           political economy]

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