what are the characteristics of political economy 
some of the characteristics or themes of a political economy include the distribution of wealth how goods and services are produced who owns property and other resources who profits from production supply and demand and how public policy and government interaction impact society who coined the term political economy adam smith is generally considered the father of economics and of the political economy but the term is generally ascribed to french economist antoine de montchrestien who wrote the book trait de l conomie politique which translates to the treaty of the political economy 1110the bottom linepolitical economy is a branch of the social sciences that studies the relationships between individuals governments and public policy it examines how the realm of politics impacts the economy and how the economy impacts politics as political parties change a country s economic policy often changes as well based on the ideology and goals of the party in power this can impact areas of the economy such as monetary and fiscal policy food security labor crises rising inequality gdp and disaster management these changes in the economy can in turn prompt new political laws policies or election outcomes the rise of globalism and international trade means that the politics of one country can have a strong impact on the economy of another understanding political economy can help countries become more resilient in the face of global economic changes 