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This Element brings together the problems of economic calculation, institutional diversity, and institutional feasibility, arguing that these themes are deeply interconnected and mutually reinforcing. Building on recent developments in institutional theory, political...
Classical liberalism entails not only a theory about the scope of government and its relationship with the market but also a distinct view about how government should operate within its proper domain of public choices in non-market settings. Building on the political...
In this book Paul Dragos Aligica revisits the theory of political self-governance in the context of recent developments in behavioral economics and political philosophy that have challenged the foundations of this theory. Building on the work of the 'Bloomington School'...
Elinor Ostrom, co-recipient of the 2009 Nobel Prize in Economics, argued that we should not be limited to the conceptions of order derived from the work of Adam Smith and Thomas Hobbes when studying social order. She maintained that we should not limit ourselves to the...
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