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Interdisciplinary Studies of the Political Order - New Applications of Public Choice Theory (Hardcover)
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Interdisciplinary Studies of the Political Order - New Applications of Public Choice Theory (Hardcover)
Series: Economy, Polity, and Society
Expected to ship within 10 - 15 working days
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The political process focuses on the ways that people come together
to engage in collective decision making in a variety of contexts.
The central elements of the political process include: the
formation of rules, the subsequent interactions that take place
within those rules, and the evolution of rules over time. Scholars
working in the area of Virginia political economy-e.g., James
Buchanan and Gordon Tullock-emphasize the importance of applying
the tools of economics to non-market settings, including politics.
Scholars in this tradition focus on both politics and economics to
understand the formation of political rules-constitutional
political economy-as well as the subsequent play within those
rules-public choice. Scholars in the Bloomington School-most
notably, Elinor and Vincent Ostrom-have emphasized three important
aspects of the political process and political order. The first is
the distinction between "rules in form" and "rules in use." The
rules in form refer to codified rules while the rules in use refer
to the rules that people actually follow in their daily lives.
Together, these dynamics generate the political order. The chapters
in this volume explore and engage the key thinkers and ideas of the
Virginia and Bloomington schools of political economy. The
diversity in topics and approaches will make the volume of interest
to readers in a variety of fields, including economics,
entrepreneurship, history, political science, and public policy.
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