What is political economy theory in media?
Political economy (PE) is an approach to studying media whose focus is attenuated towards the ways in which media is produced, distributed and consumed, rather than on analysing the interpretations of the signs and symbols found within texts.
What are the 4 features of a political economic theory of media influence?
More specifically, several key political economists of the media claim that political economy has four major elements that differentiate it from other academic fields: history, social totality, moral philosophy, and social praxis.
How important is political economy in studying media?
The Political Economy of Communications, news, or media, is a particular branch in Communication studies or media studies which studies the power relations (political economy) that shape the communication of information from the mass media to its publics.
What are the theories of political economy?
In Theories of Political Economy, James A. Caporaso and David P. Levine explore some of the more important frameworks for understanding the relation between politics and economics, including the classical, Marxian, Keynesian, neoclassical, state-centered, power-centered, and justice-centered.
Who developed the theory of political economy?
In the mid-19th century communist historian and economist Karl Marx (1818–83) proposed a class-based analysis of political economy that culminated in his massive treatise Das Kapital, the first volume of which was published in 1867.
What are the theoretical foundations of media economics?
In terms of theoretical development, the field can be broadly classified into three major areas that account for much of the knowledge regarding media economics: microeconomic theories, macroeconomic theories, and political economy, which may also be identified as critical theory.
What is the relationship of media and economy?
The main relationship between media and economic development lies in the function of the media as a source for the dissemination of information regarding political reforms and policies aimed at economic development.
What is a political economy of media?
A political economy approach analyzes the power relationships between politics, mediation, and economics. First, there is a need to identify the intellectual history of the field, focusing on the establishment and growth of the political economy of media as an academic field.
What can political economy learn from Policy Studies?
Political economy can also learn from the development of a policy studies perspective whose political wing has tended to place the state at the center of analysis, and whose economic wing aims to extend the application of primarily neo-classical economic theory over a wide range of political, social, and cultural life.
What is political economy in sociology?
Political economy is the study of the social relations, particularly the power relations, that mutually constitute the production, distribution, and consumption of resources, including communication resources.
What are the best books about the political economy of communication?
Garnham, Nicholas (1986). Contribution to a Political Economy of Mass-Communica- tion. In Richard Collins (Ed.), Media, Culture & Society: A Critical Reader. Lon- don: Sage, 9–32. Gramsci, Antonio (1971). Selections from the Prison Notebooks of Antonio Gramsci.