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 3: What is Political Economy? Schools of Thought
What is Political Economy? Schools of Thought
The Origins of Political Economy and the Classical Paradigm
Histories of political economic thought tend to begin with either the period of classical Greece, which allows for a start at the etymological origin of the term, or with the eighteenth-century Scottish Enlightenment moral philosophers, culminating in Adam Smith.1 Whatever the choice, one cannot review major histories without recognizing that most build on a metanarrative that sees the discipline rooted firmly within characteristic patterns of Western white male intellectual activity. To cite one example of notable omission, histories neglect the development of social science in the Arab world that anticipated by centuries, particularly in the work of Ibn Khaldun, what we in the West ...