I was asked in the last couple of days what a political economist is and why they are different from economists. This is a good question to which, I suspect, there is no definitive answer. I did however, offer an opinion.<\/p>\n
An economist, I said, looks at the use of the world\u2019s resources by asking what data there is and what use they might make of that data.<\/p>\n
A political economist, on the other hand, asks why that is the available data and what that implies about the relationships of power that determine the allocation of the world\u2019s resources.<\/p>\n
That interpretation satisfied my enquirer and had the virtue of relative brevity. It also fitted very well into the context of the conversation we were having.<\/p>\n
I suspect not everyone would agree with my suggestion though.<\/p>\n","protected":false},"excerpt":{"rendered":"