The Field of Economics in Which the Tools of Economics

question 118

Short Answer

The field of economics in which the tools of economics are used to understand the functioning of government is

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Definitions:

Ideology

The system of attitudes, beliefs, ideas, perceptions, and values that shape the reality of people in society. Ideology does not simply reflect reality as it exists but shapes reality to favor the interests of the dominant class.

Taxation

The system through which a government levies financial charges on its citizens or residents to fund public expenditure.

Hegemony

The struggle over the establishment of certain meanings and ideas in society. A group maintains hegemony when it is able to create a worldview that other people and groups actively support, even though that worldview may not be in their interests. Hegemony operates when the taken for granted system of meanings that everyone shares functions in the best interests of the dominant group.