Economics And Political PhilosophyEconomics And Political Philosophy
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Economics And Political Philosophy

Political philosophy is the branch of philosophy that deals with the analysis of the state and concepts relating to it such as: law, social justice, political obligation and constitution.

Political philosophy invariably affects and is affected by the economy. Political philosophy essentially tries to make a sense out of what we do and also proscribes what we ought to do. Hence, the different perceptions of philosophy vary fundamentally and consequently lead to different hypotheses altogether.While some contend that the active and practical character of politics actually corrupts the 'higher' form of activity viz. Philosophy, others argue that political practices should be built upon a coherent and sound philosophical foundation. Carl Marx, a leading authority in the field, had a complaint that the philosopher concentrated on interpreting the world while the more important aspect of philosophy was to change the world. 

The relationship between economics and political philosophy is best described by Marx in his following relation:  

The productive forces (these include the tools and other material resources used) determine the relations of production (the relation between the humans and material resources) which in turn determine the superstructure of society (various principles of religion, politics, law, philosophy etc).

Plato's 'Republic' is considered the first major work pertaining to the concept of political philosophy in the western world. It was Aristotle who made a detailed empirical study of different political institutions in his book 'Politics'. More recently, Carl Marx and John Dewey have carried out major work in this field. While Marx's work remains confined to largely communist aspects, John Dewey was a more liberal thinker. Dewey studied ways of counteracting the dehumanizing aspects of capitalist society with the means of free education.

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Economics And Political Philosophy

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