Political economy theories are the public policies for income, health, long-term care, and social services are an outcome of the social struggles and dominant power relations of the era.
What is political economy theory?
- According to political economy theory, the wants of a community should be kept in mind while making decisions rather than the needs of an individual.
- It is a macro theory of aging.
- It deals with the problems associated with old age, the struggles of old age people and how they are treated in society.
- It takes into context that private problems can become public and generate responses from the society.
- Political economy theory is interdisciplinary field and deals with the relation between an individual, government and policies.
- It examines how the support from various social welfare programs is distributed unequally.
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