Scholarly political economy journal provides to share recent advantages, changes and updates regarding political economy. Political economists study how economic theories like capitalism, socialism, and communism add the important world. At its root, any economic theory is a methodology that is adopted as a means of directing the distribution of a finite amount of resources in a way that is beneficial for the greatest number of individuals. political economy may simply ask the recommendation given by economists to the govt or public on general policy or on specific economic proposals developed by political scientists. Political economy most ordinarily refers to interdisciplinary studies drawing upon economics, sociology and politics in explaining how political institutions, the political environment, and therefore the economic system-capitalist, socialist, communist, or mixed-influence each other. A newer focus has been on modelling policy and political institutions on interactions between agents and economic and political institutions, including the seeming discrepancy of economic policy and economist's recommendations through the lens of transaction costs.