This document discusses the meaning, nature, and significance of political theory. It defines political theory as the systematic study of political life and the state through both philosophical and empirical analysis. Political theory involves developing explanations for political phenomena, evaluating the moral purpose of the state, and prescribing how political systems can be improved. The key differences between political theory, political thought, political philosophy, and political science are also outlined. Overall, political theory aims to both understand and potentially change political realities through theoretical frameworks.