Radicals use the term "political economy" instead of "late capitalism," which is a hard sell these days.

Question

Quizplus · Accepted Answer

The term "political economy" is a broader, classical term that encompasses the study of production, trade, and their relationship with law, custom, and government, as well as with the distribution of national income and wealth. It is not exclusively used by radicals nor is it specifically interchangeable with "late capitalism," which refers to a critique of the current stage of capitalism, often discussed within Marxist theory.

Radicals Use the Term "Political Economy" Instead of "Late Capitalism