CMNS 240 Study Guide - Midterm Guide: Frankfurt School, Herbert Schiller, Erik Gandini

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Pec as an approach which seeks to investigate the relationship between communication and political and economic power. Political economy produces a deeper understanding of the forces which shape our media. Political economy allows us to take a political position on the most important issues of our day. Political economy gives us a foundation for our interventions in the world of media and beyond. Capitalism is a mode of production, or an economic system. It is only one way among many of organizing economic relations. Capitalism is not natural, it developed in a historical moment. Capitalism is always economic, but not all economy is capitalist. Soviet union, north korea state is not always capitalist. All of these elements tend to be present within capitalist ways of organizing an economy. Pe emerges as a field of inquiry during the 17th century. Term political economy first appears in france in 1615, used by antoine de.

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