Political Economy A Branch Of Social Science - 1187 Words

Political economy is a branch of social science. The term of political economy has come from Greek word ‘polis’ means city or state and ‘oikonomos’ meaning one who manages a household or state. So we can tell political economy thus can be understood as the study of how a country or household is manage or governed taking into account both political and economic factors (David N Balaan) According to Adam Smith â€Å"Politic al economy is a branch of science of a statement or legislature concerned with providing a plentiful revenue or subsistence for the people, supplying the state or commonwealth with a revenue sufficient for public service† So we can tell that political economy is about 1) Regarding to the economy role of the state 2) Interaction between political and economical process. 3) Based on property and wealth, distribution of political power. My topic is the political economy behind good relationship between the USA and Saudi Arabia. So it means the good relationship and behind this what political and economical reason are working. Relationship between USA and Saudi Arabia: The relationship between USA and Saudi Arabia is problematic. The two countries are fully different from one another. One is ultraconservative Islamic absolute monarchy and another is secular democratic republic, but within them have special relationship. The relation began from 1933. The formal president George W Bush and present president Barak Obama have close and strong relationship with SaudiShow MoreRelatedPolitical Economy As A Branch Of Social Science Essay2224 Words   |  9 PagesFor a long time, political economy as a branch of social science has been used when studying relationships between organisations and also between the market and a country (Veseth, n.d). This can be translated as understanding the management of an institution while at the same time taking into account both the internal and external factors that may influence its operations. With this, there has been proof of significant transformations and the emergence of great political economists from various regionsRead MoreThe Five Paradigms Of Public Administration1196 Words   |  5 Pagesis new unique synthesizing field. This is because many conceived that Public Administration as a discipline is an amalgam of organization theory, management science and the concept of public interest. It is now, time to time establish itself as an institutionally autonomous enterprise in colleges and universities in order to retain its social relevance and worth. Paradigm:1, The politics/Administration: The concentration of study during this period was on lucus where public administration should be†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreEssay on Sociology and Social Sciences1144 Words   |  5 Pagesï » ¿The Social Sciences Complete and submit this assignment by the due date to receive full credit. (7 points) 1. Rank the seven social sciences (anthropology, economics, geography, history, political science, psychology, and sociology) according to what you believe is their importance and influence on the people in a modern society. Answer: 1.Psychology (How humans think influences most, if not all of the social sciences.)   2.Sociology (This helps figure out how society thinks. If you understandRead MoreModernization of Japan: The Meiji Restoration Essay638 Words   |  3 Pageswas a time of political and social revolution. It brought momentous social, political and economic changes to Japan, and these changes became the foundation of the Japan we know today. 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Thanks to the print culture, the philosophes’ ideas were spreadRead MoreThe Constitution of the Philippines1557 Words   |  7 Pagesjurisdiction, and the terrestrial, fluvial and aerial domains including the territorial sea, the seabed, the subsoil, the insular shelves and other submarine areas. Article II - Declaration of Principles and State Policies Sets down basic social and political creed of the country. particularly the implementation of the constitution, Set forth the objectives of the government, provide the interpretation of specific provisions of the fundamental law and help court in its decisions. Some of its provisions