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Journalism & Communication
Pages 8 (2008 words)
Political Economy of Mass Media Name Instructor Curse Date Political Economy of Mass Media 1. Describe What The Political Economy In General According to Weingast and Wittman (2008), Political economy is a term used to refer to the science of managing all the resources a state or a country in order to make wealth available.
In short political economy is a methodology that deals with emphasis public choice or economic approach, and institutional adaptation. The concept of political economy can be attributed a lot from Marxism. However, the concept of political economy was replaced by economics after Alfred Marshall released his book in 1980, (Weingast and Wittman, 2008). Political economy is divided into various approaches, which include political choice and Marxian analysis which emanated from the Virginia School and the Chicago school, (Weingast and Wittman, 2008). However, as time went by various approaches to political economy. They include International political economy and new political economy. Political economy is associated with various disciplines. It is associated with communication, sociology, psychology, cultural studies, human geography, anthropology, ecology, and ecology, (Weingast and Wittman, 2008). It is important to understand political economy, and how it influences communication specifically mass media. This will help in understanding how mass media has evolved in regard to theories in political economy. This can be achieved by dissecting political economy of mass media. 2. ...
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