Foundations of Political Economy

In this assignment, Andrew Mamedu presents a comprehensive analysis of political economy, tracing its evolution from a unified study of economics and governance to its current multifaceted nature. The paper highlights essential concepts such as the relationship between state and economy, the significance of social leadership, and the theoretical frameworks that underpin political economy. By examining the origins and institutional characteristics of capitalist systems, the work underscores the relevance of political economy in addressing contemporary societal challenges. This exploration not only enriches our understanding of economic history but also emphasizes the critical role of philosophical issues in shaping human needs and societal progress.