Introduction: Symposium on Robust Political Economy

Cowen, Nick (2016) Introduction: Symposium on Robust Political Economy. Critical Review, 28 (3-4). pp. 420-439. ISSN 0891-3811

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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
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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