Cowen, Nick (2016) Introduction: Symposium on Robust Political Economy. Critical Review, 28 (3-4). pp. 420-439. ISSN 0891-3811
Full content URL: http://doi.org/10.1080/08913811.2016.1264158
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Introduction Symposium on Robust Political Economy.pdf - Whole Document Available under License Creative Commons Attribution 4.0 International. 397kB |
Item Type: | Review |
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Item Status: | Live Archive |
Abstract
Mark Pennington’s Robust Political Economy is a systematic exposition of a framework for analyzing institutional performance. The Robust Political Economy framework evaluates institutions according to their ability to solve knowledge and incentive problems. On grounds of robustness, Pennington combines insights from Austrian market-process theory and public-choice theory to defend classical liberalism from several compelling critiques. These include theories of market failure in economics; communitarian, deliberative-democratic, and liberal-egalitarian theories of justice; and concerns with social capital, domestic and international poverty, and ecology.
Keywords: | epistemic challenge, Hayek, incentive problem, knowledge problem, Mark Pennington, Robust Political Economy |
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Subjects: | L Social studies > L150 Political Economics L Social studies > L171 Capitalism L Social studies > L210 Political Theories L Social studies > L430 Public Policy L Social studies > L213 Socialism |
Divisions: | College of Social Science > School of Social & Political Sciences |
ID Code: | 36353 |
Deposited On: | 03 Jul 2019 14:42 |
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