The Political Economy of Communication provides a thorough coverage of an important area of communication studies: the political economy approach to media.
This highly successful text has been thoroughly updated, restructured and rewritten in this new edition, clearly demonstrating how power operates across all media, from newspapers to Facebook, and how media power intersects with globalization, social class, race, gender and surveillance.
Key Features; Provides a summary of the field of political economy, looking at its history and major schools of thought; Highlights the work of key figures and differences that established the divide between economics and political economy; Explains the necessity of media students to understand the general political economy tradition and the way in which it informs the political economy of communication; Addresses the interdisciplinary nature of the field, with its links to economics, geography and sociology, and cultural and policy studies
This book offers a unique overview of the field of political economy of communication and will be of use to upper level undergraduate and graduate students of media and communication.
Chapter 2: What is Political Economy? Definitions and Characteristics
What is Political Economy? Definitions and Characteristics
Before taking up the political economy of communication, we need to examine the general field of political economy. After defining the approach, this chapter discusses a set of its central characteristics. The next chapter addresses the major schools of thought that have provided political economy with its richness and diversity.
Beginning with the classical political economy of Adam Smith, David Ricardo, and others, the chapter proceeds to take up the criticisms leveled by conservative and Marxist theorists. In the late nineteenth century, influenced by the drive to create a science of society modeled after developments in the hard sciences, William Jevons and Alfred Marshall, among others, established the neoclassical paradigm that continues to ...