Final answer:
The expression about wealth creation underlining state power relates to the concept of political economy, which examines the interconnectedness of economics and politics as seen in the works of Adam Smith and Karl Marx. Theoretical perspectives on this relationship vary, and the fields have historically informed each other across different societies and eras.
Step-by-step explanation:
The statement "the creation of wealth underlies state power. Economics should serve politics" is likely to be expressed by a proponent of the concept that economic systems are subordinate to the political systems in place, which is largely reflective of perspectives on political economy. This intersection of economics and politics has been analyzed by various thinkers throughout history, with different ideological standpoints.
Adam Smith, known as the father of political economy, suggested that a market economy or capitalism can foster wealth creation, which in turn influences state power. However, he advocated for a laissez-faire approach, minimizing government intervention in the economy. On the other hand, Karl Marx argued that the state is essentially a capitalist machine meant to oppress one class by another, placing the economic system at the foundation of all societal structures, including politics and the state.
Moreover, the study of political economy has evolved to examine how political and economic systems are interconnected, shaping each other over time. Whether in Aztec societies, Enlightenment Europe, the Song Dynasty debate between small government and effective governance, or modern liberal practices, the relationship between politics and economy remains crucial.
Finally, thinkers like Joan Robinson remind us that economic theory does not preach any doctrines, emphasizing that the study of economics cannot establish universally valid laws and is not limited to one set of political beliefs. It is a diverse field with contributions from all across the political spectrum. This reflects how definitions of wealth and state power can be influenced by prevailing economic theories and political ideologies.