Trace the evolution of political economy as a
comparative approach.
The evolution of political economy as a comparative approach in the field of Comparative Politics has been a dynamic and multifaceted journey, marked by shifts in theoretical perspectives, methodological approaches, and the changing global political landscape. Political economy, broadly defined, is the study of the relationship between politics and economics. As a comparative approach, it involves analyzing these relationships across different political systems to identify patterns, variations, and causal relationships. The evolution of political economy in comparative politics can be traced through several key phases.
1. Classical Roots:
The roots of political economy can be traced back to classical political economists like Adam Smith and Karl Marx. While their primary focus was on understanding the economic system, their insights laid the
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