when did political economy appear
Political economy originated in moral philosophy. It was developed in the 18th century as the study of the economies of states, or polities, hence the term political economy.In the late 19th century, the term economics came to replace political economy, coinciding with the publication of an influential textbook by Alfred Marshall in 1890.n that way, political economy expanded the emphasis of economics, which comes from the Greek oikos (meaning home) and nomos (meaning law or order). Thus, political economy was meant to express the laws of production of wealth at the state level, just as economics was the ordering of the home.