The PPEL major encourages deep understanding of the moral and historical foundations of economic institutions and political-legal structures. Graduates excel in logical thinking and complex conceptual analysis, skills that are increasingly important in public policy and business.
Within a large public state university, PPEL offers motivated students the opportunity to study with distinguished faculty in small classes. Students with a PPEL degree are well-positioned to pursue careers in law, public policy, and business as well as undertaking further study in graduate school.
The study of philosophy, politics, and economics as a combined discipline originated at Oxford University in the first part of the twentieth century, although at Oxford it represented not so much an integration of the three fields as a curriculum that drew on all three. In recent years the number of undergraduate PPE degree programs has increased, and a journal is now devoted to the field.
From one view, we are witnessing the rise of a new discipline or perhaps the resurrection of the nineteenth century discipline of political economy. In 1821 James Mill, David Ricardo, Thomas Malthus, and Robert Torrens founded the London Political Economy Club. In 1825 the Drummand Chair of Political Economy was founded at Oxford, which required occupants, such as Nassau Senior, to give a series of lectures. The first economics department in Britain was funded at University College London; John Ramsey McCulloch occupied its first chair of political economy. In 1830 Jean-Baptiste Say occupied the first political economy professorship in France. (Thomas Jefferson wanted to offer Say the chair of political economy at the University of Virginia.) The high point of the discipline of political economy was from this period until the 1870s. The greatest economics text of the nineteenth century, written by John Stuart Mill, was entitled Principles of Political Economy, with Some of Their Applications to Social Philosophy (first edition 1848, last edition 1871).
PPE as political economy was then a well-defined field, with professional organizations, academic chairs, and textbooks. However, after the "marginalist revolution" led by Carl Menger, William Stanley Jevons, and Leon Walras, economics developed highly formalized, mathematical models of economic life. Jevons, and especially Walras, immediately saw how the idea of diminishing marginal utility allowed for the calculus to be applied to economics. After this, political science and economics (and social philosophy) went their separate ways, developing different professional organizations but, more important, different methods and tools. Some scholars believe we are currently witnessing a reintegration of these disciplines. From this first view, the study of economics and politics and, as Mill would say, their applications to social philosophy, cannot, in the end, be divorced.
At the University of Arizona, PPEL is part of an ongoing world-wide project of reintergrating these three key disciplines, with special attention to the relevance to law.
philosophy, politics, economics & law
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