Political economy in anthropology is the application of the theories and methods of Historical Materialism to the traditional concerns of anthropology, including, but not limited to, non-capitalist societies. Political Economy introduced questions of history and colonialism to ahistorical anthropological theories of social structure and culture. Three main areas of interest rapidly developed. The first of these areas was concerned with the "pre-capitalist" societies that were subject to evolutionary "tribal" stereotypes. Sahlins work on Hunter-gatherers as the 'original affluent society' did much to dissipate that image. The second area was concerned with the vast majority of the world's population at the time, the peasantry, many of whom were involved in complex revolutionary wars such as in Vietnam. The third area was on colonialism, imperialism, and the creation of the capitalist world-system. More recently, these Political Economists have more directly addressed issues of industrial (and post-industrial) capitalism around the world.

What does political economy in anthropology apply Historical Materialism to?