Writing Resources
Political Economy of Media MED 411 Term Paper Political economy of the communication is about nature relations between media and communication systems with social structure That includes ownership support structures government policies that affect media and media content Robert McChesney When Industrial Revolution age came world had a new perspective for living With that new perspectives emerge in terms of economy and politics This leads us to two important perspective occurred with Karl Marx and Adam Smith Adam Smith approach was suggesting a free market with limited government limitations This is also known as liberal economy Karl Marx took that idea and add his thoughts to make a new perspective for new era Thus lead us to capitalism and new terms for understanding the concept like commodity and surplus value Commodity basically a thing has value to others can sell and trade and surplus value is a value that made by worker s labour and goes to the owner of the workers the capital according to Marx These perspectives develop in 18th and 19th century As time passed Marx became more and more important for political economy of communication and social studies Between 1968 and 1977 there were 1537 articles about Marx and Marxism Articles increased in 1978 1987 We can tell that 1988 2007 has the most articles Fuchs 2014
