The Theory Of The Political Economy - 872 Words

The theory of the political economy in the context on media studies, is that behind every media product, has a commercial and economic imperative and as such, has particular impacts on the media content that would not exist if such imperatives ceased to exist. It is these impacts that both limit media products, and allow media products of a particular nature exist. A political economic approach in the production of media is in contrary to the nature of media itself; accuracy, integrity and authenticity are lost in favor to economic power. A capitalist society is one that exists within an exploitative framework. Our society exists and functions due to labor being exploited by those in a lower social class with the intention of economic profit for those who exploit others. (Marx and Moore, 2001) Ignoring the morality of this ideology, it enables a functioning society to a particular degree. When this theory is applied within the context of a political economy of media production, we can begin to understand its value. The nature of a capitalist society means that human labor worth a monetary value and that is exchanged between the exploiter and the exploited. As such, without a political economic influence, media products would cease to exist. Funding facilitates the production of media – labor is required to create, produce, distribute and consume media. All media is influenced by the political economic circumstances, however, the extent in which this model impacts theShow MoreRelatedThe s Theory Of Political Economy795 Words   |  4 Pagesargues that these desires have become detached from actual human needs. What is frequently overlooked, however, is the inherent critique of capitalism in the narrative of planned obsolescence and how strongly it builds upon Marx s theory of political economy.1 Marx was already well aware of the fact that even perfectly functioning goods can lose their value and become obsolete, a phenomenon he termed â€Å"moral depreciation† (1992, p. 264). To Marx, the reason for this lies in the capitalist logicRead MoreThe Political Economy And Cultural Studies Theories1429 Words   |  6 Pageshave constructed theories that explain the functions and impacts of mass media in the society across the globe (Mosco, 2008). The central theme in all mass communication models entails the meaning of media co ntents, which include the images and texts and their influence on the target audience. The perception of the target audience concerning the text and images in the media are what form the basis of these theories. This essay discusses two hypothetical frameworks: the political economy and culturalRead MoreKarl Marx And The Marxist Theory Of Political Economy1100 Words   |  5 Pagesin governments, leading to the rebirth of the use of Marxist thinking. â€Å"Sales of Das Kapital, Marx s masterpiece of political economy, have soared ever since 2008, as have those of The Communist Manifesto and the Grundrisse†. However, in a time of increasing admiration and application of his theories, it is vital to ask; Did Karl Marx construct masterpieces of political economy? Or is his work littered with ethical, economical and empirical discrepancies? This report will critically analyse aspectsRead MoreThe Classical Political Economy Developed Theories And Discuss On Their Different Chara cteristics910 Words   |  4 Pageswant to consume. In this paper I will discuss the developed theories of the classical political economy developed theories and discuss on their different characteristics. These theories were mainly concerned with the changing aspects of economic growth in different centuries. Classical political economy is the political economy during industrial revolution from the 18th century to the 19th century. The theories of classical political economy ask some specific questions whose answer creates the differencesRead MoreEssay about Comparison of Urban Sociological Theories921 Words   |  4 PagesSociological Theories In order for an urban sociologist to discover â€Å"How urban societies work,† theories of â€Å"urban ecology† or â€Å"political economy† are used as a guide in their research. Urban ecology refers to the importance of social structure and social organization as shaping social life in the city. Urban ecologist concerns for social order, social cohesion, community ties and social differentiation offer key insight to how societies work (Kleniewski, 2001). Alternatively political economy stressesRead MoreDemography s Classic Transition Theory1464 Words   |  6 PagesDemography s classic-transition theory furthers the modernization narrative that is central to this argument. The theory presents a three-phase timeline to explain the reproductive history of all nations. Countries begin in the pre-transition phase where high mortality and high birth rates create slow population growth, which is considered a traditional society. The second phase is the transition wh ere slowing mortality rates and high birth rates produce raid population growth. During this stageRead MoreThe Nature of Political Economy†931 Words   |  4 PagesAn essay on Robert Gilpin â€Å"The Nature of Political Economy† This chapter introduces differences and similarities between politics and economics. Both of them affect one another. In another hand, politicians and economists have different ideas and consumptions about the same facts. Also, they choose different ways of analysis. Moreover, Mr. Gilpin talks about the importance of the understanding the nature of political economy. In today’s rapidly changing world, where globalization takes place andRead MoreThe Classical School And The Neoclassic1702 Words   |  7 PagesToday s Economy as it relates to Classical and Neoclassical Thought Economic thoughts and theories are constantly evolving. One reason being is the growth and evolution of humans and systems. This constant change often brings about greater economics challenges. Thus, we can strongly contend to the fact that the state of today’s economic isn’t as found in the 18th or 19th and so on. Moreover, economic theorists presented with these robust economic challenges often time build up on each other. ThatRead MoreA Reflection On Government And Its Role On Markets And The Economy986 Words   |  4 Pages RUNNING HEAD: Reflection #1 A Reflection on Government and Its Role on Markets and the Economy Chris Surfus Western Michigan University School of Public Affairs and Administration PADM-6650 Public Policy: Theory and Research Professor Dr. Udaya Waglà © January 27, 2015 A Reflection on Government and Its Role on Markets and the Economy The authors of the literature discuss the roles of the government and the market, and that is what this reflection will entailRead MoreAdam Smith : An Era Of Classical Political Economy1430 Words   |  6 Pagesof â€Å"classical political economy†, Adam Smith (1723-1790) has challenged many previous political-economic assumptions, notably the Mercantilist points of view, to prosper and strengthen a state. In his most influential work Wealth of Nations (1779) and various other works of his, he has put forward his arguments, given a critique of their ideas, and formulated theories of how the market and trade should instead be. This essay will show in which ways Adam Smith, as a free economy capitalist, has