ABSTRACT
This chapter discusses the analytical procedure of Political Economics and, especially, its instrumental part. Political Economics, in the sense of an integral theory which tries to relate the economic core process to the dominant factors of the sociopolitical environment, is as old as the archetype of traditional theory. As a point of departure it may be useful to restate the place of Political Economics in the evolution of economic reasoning. Once the major premises for the deductive part of the theory are known, procedure in Political Economics does not differ from the traditional way of economic reasoning. In an economic system, the basic configuration concerns the arrangement of the activities of the micro-units in a circular flow. Since even a system of monolithic collectivism remains a social system in which the micro-units pursue goals of their own, such identification can at best be taken for granted for the framers of the Plan.
