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Title: THE AUSTRIAN AND BLOOMINGTON SCHOOLS OF POLITICAL ECONOMY
By: Professor Paul Aligica (Editor), Professor Paul Lewis (Editor), Dr Virgil Storr (Editor)
Format: Hardback

List price: £82.99
Our price: £74.69
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ISBN 10: 1787148440
ISBN 13: 9781787148444
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Publisher: EMERALD PUBLISHING LIMITED
Pub. date: 1 October, 2017
Series: Advances in Austrian Economics 22
Pages: 200
Description: The volume is a unique attempt to explore the relationship between two of the most interesting contemporary schools of thought evolving at the interface between social science and social philosophy: The Austrian tradition of F A Hayek and Ludwig von Mises, and the Bloomington tradition of Elinor Ostrom and Vincent Ostrom.
Synopsis: The relationship between the Austrian tradition and Bloomington institutionalism has been part of a larger intellectual evolution of a family of schools of thought that coevolved in multiple streams over the last 100 years or so. The Bloomington scholars, once they delineated the broader parameters of their own research program, started to reconstruct, reinterpret, and in many cases simply rediscover and reinvent Austrian insights and themes. As such, they created the possibility of giving those insights and themes new interpretations and new applications, in novel circumstances with new research priorities, in particular, public administration, governance and collective action, and entrepreneurship in non-market settings.Was there a programmatic and explicit effort to recover and reinvent the Austrian tradition? The answer has to be an emphatic `no'. But that is precisely the reason why the Ostroms' work should be interesting to scholars working in the Austrian tradition. The thematic convergence and the compatibility and complementarity between the Austrian and Bloomington schools is driven by their internal underlying theoretical logic and by the logic of problem solving. Upon closer inspection, the underlying familial and genealogical connections reveal themselves again and again.The convergence and interplay between these two intellectual traditions is rich and productive. On the one hand, it stands as a demonstration of the applied relevance of the set of approaches and issues that we traditionally associate with the Austrian tradition. On the other hand, it is a challenge to further explore and elaborate this area. This volume is an attempt to respond to that challenge.
Publication: UK
Imprint: Emerald Publishing Limited
Returns: Returnable
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