political economy

noun
1.
a social science dealing with political policies and economic processes, their interrelations, and their influence on social institutions.
2.
(in the 17th–18th centuries) the art of management of communities, especially as affecting the wealth of a government.
3.
(in the 19th century) a social science similar to modern economics but dealing chiefly with governmental policies.
4.
economics ( def 1 ).

Origin:
1605–15

political economist, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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World English Dictionary
political economy
 
n
the former name for economics

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
But the great object of the political economy of every country, is to increase
  the riches and power of that country.
When it comes to political economy, its chances are slim.
But in the political economy there was also a vicious circle.
Preferred candidates are expected to have methodological training in
  ethnography, historiography, or political economy.
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