London, United Kingdom

Political Economy of Europe

Master's
Language: EnglishStudies in English
Subject area: social
Qualification: MSc
Kind of studies: part-time studies
Master of Science (MSc)
University website: www.lse.ac.uk
Economy
An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents. Understood in its broadest sense, 'The economy is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of resources'. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain.
Europe
Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, and the Mediterranean Sea to the south. It comprises the westernmost part of Eurasia.
Political Economy
Political economy is the study of production and trade and their relations with law, custom and government as well as with the distribution of national income and wealth. Political economy as a discipline originated in moral philosophy in the 18th century and sought to explore the administration of states' wealth, with "political" signifying the Greek word polity and "economy" signifying the Greek word "okonomie" or "household management". The earliest works of political economy are most often attributed to British scholars like Adam Smith, Thomas Malthus and David Ricardo, although the case is sometimes made that the still earlier works of the French physiocrats constitute the true beginnings of the discipline.
Europe
Oui, c'est l'Europe, depuis l'Atlantique jusqu'à l'Oural, c'est l'Europe, c'est toute l'Europe, qui décidera du destin du monde!
Translation: Yes, it is Europe, from the Atlantic to the Urals, it is Europe, it is the whole of Europe, that will decide the fate of the world.
Europe
Whoever speaks of Europe is wrong: it is a geographical expression.
Otto von Bismarck, speech to Reichstag, 14 May 1872
Europe
My conclusion will be simple. It will consist of saying, in the very midst of the sound and the fury of our history: "Let us rejoice." Let us rejoice, indeed, at having witnessed the death of a lying and comfort-loving Europe and at being faced with cruel truths.
Albert Camus, "Create Dangerously," lecture given at the University of Uppsala, Sweden (December 1957); republished by Camus in Resistance, Rebellion and Death (1961), Justin O'Brien, translator, p. 270.
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