A new program: Political Economy

Feature story for Rhodes Magazine

Summer 2012

The past academic year saw a new interdisciplinary program in the Rhodes catalogue with the introduction of Political Economy, a major that explores important ideas that are the foundations of economic and political systems throughout the world. It is, basically, the study of economics without the math. It brings a more philosophical approach to how and why markets work—or don’t work.

Political Economy is the perfect storm of five different departments coming together: Economics, Political Science, History, Philosophy and International Studies. Others, such as Psychology and Greek and Roman Studies, contribute courses as well. According to the catalogue, “The program and the associated major will study the many ways that politics, principles and economics interact in the formation of policy choices and actual policies. It will further look at the impact of political and economic choices on the prosperity and well-being of those who organize their society under various systems.”

The program is supported by program founders Thomas Garrott, chairman and CEO emeritus of National Commerce Bancorporation; Fred Smith, president and CEO of FedEx Corporation; and founder of AutoZone, J.R. (Pitt) Hyde III … (read more)

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