IDEAS home Printed from https://ideas.repec.org/h/eme/aaeczz/s1529-213420140000018000.html
   My bibliography  Save this book chapter

Entangled Political Economy: A Keynote Address

In: Entangled Political Economy

Author

Listed:
  • Richard E. Wagner

Abstract

This paper is a keynote address prepared for a conference on “Entangled Political Economy” sponsored by the Wirth Institute. In keeping with the conventions of such an address, I look both backward and forward, while placing more emphasis on looking forward. In looking backward, I compare and contrast two orientations toward political economy: additive and entangled. In looking forward, I explore some of the analytical challenges that confront efforts to pursue a vision of entangled political economy. While these challenges are substantive in character, those efforts necessarily rest on methodological presumptions. Accordingly, the paper opens by reviewing some of those methodological presumptions before turning to the substantive articulations and challenges.

Suggested Citation

  • Richard E. Wagner, 2014. "Entangled Political Economy: A Keynote Address," Advances in Austrian Economics, in: Entangled Political Economy, volume 18, pages 15-36, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aaeczz:s1529-213420140000018000
    DOI: 10.1108/S1529-213420140000018000
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/S1529-213420140000018000/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: no
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S1529-213420140000018000/full/epub?utm_source=repec&utm_medium=feed&utm_campaign=repec&title=10.1108/S1529-213420140000018000
    Download Restriction: no
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S1529-213420140000018000/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: no
    File URL: https://libkey.io/10.1108/S1529-213420140000018000?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Wagner, Richard E., 2012. "A macro economy as an ecology of plans," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 433-444.
    2. Giuseppe Eusepi & Richard E. Wagner, 2011. "States as Ecologies of Political Enterprises," Review of Political Economy, Taylor & Francis Journals, vol. 23(4), pages 573-585, October.
    3. Wittman, Donald, 1989. "Why Democracies Produce Efficient Results," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1395-1424, December.
    4. Richard E. Wagner, 2007. "Fiscal Sociology and the Theory of Public Finance," Books, Edward Elgar Publishing, number 12713, March.
    5. Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 371-400.
    6. Richard Wagner, 2012. "Viennese kaleidics: Why it’s liberty more than policy that calms turbulence," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(4), pages 283-297, December.
    7. Roger Koppl, 2002. "Big Players and the Economic Theory of Expectations," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-62924-0, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mikayla Novak, 2019. "Crypto-friendliness: understanding blockchain public policy," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 9(2), pages 165-184, September.
    2. Darcy W E Allen, 2020. "When Entrepreneurs Meet:The Collective Governance of New Ideas," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number q0269, September.
    3. Alexander William Salter, 2016. "Post-Cameralist Governance: Towards a Robust Political Economy of Bureaucracy," Economic Affairs, Wiley Blackwell, vol. 36(3), pages 294-308, October.
    4. Moreno-Casas, Vicente & Espinosa, Victor I. & Wang, William Hongsong, 2022. "The political economy of complexity: The case of cyber-communism," Journal of Economic Behavior & Organization, Elsevier, vol. 204(C), pages 566-580.
    5. Meg Patrick Tuszynski, 2021. "Entanglement and Perverse Spontaneous Orders," Studies in Public Choice, in: David J. Hebert & Diana W. Thomas (ed.), Emergence, Entanglement, and Political Economy, pages 87-101, Springer.
    6. Vipin P. Veetil, 2016. "The Mythology of Capital in the Twenty-First Century," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 31(Spring 20), pages 21-36.
    7. Darcy W. E. Allen & Chris Berg & Aaron M. Lane & Trent MacDonald & Jason Potts, 2023. "The exchange theory of web3 governance," Kyklos, Wiley Blackwell, vol. 76(4), pages 659-675, November.
    8. Andrew T. Young, 2016. "Canadian versus US Mortgage Markets: A Comparative Study from an Austrian Perspective," Advances in Austrian Economics, in: Studies in Austrian Macroeconomics, volume 20, pages 195-210, Emerald Group Publishing Limited.
    9. Alexander William Salter, 2017. "Playing at markets: A New Austrian perspective on macroeconomic policy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(1), pages 39-49, March.
    10. Maria Pia Paganelli, 2017. "240 years of The Wealth of Nations [240 years of The Wealth of Nations]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 27(2), pages 7-19, May-Augus.
    11. Steven Horwitz, 2016. "Introduction: Money, Cycles, and Crises in the United States and Canada," Advances in Austrian Economics, in: Studies in Austrian Macroeconomics, volume 20, pages 1-12, Emerald Group Publishing Limited.
    12. Novak Mikayla, 2018. "Property Rights in an Entangled Political Economy," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 24(1), pages 1-10, June.
    13. Vipin P. Veetil & Lawrence H. White, 2017. "Towards a New Austrian Macroeconomics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(1), pages 19-38, March.
    14. Salter, Alexander William, 2015. "Rights to the Realm: Reconsidering Western Political Development," American Political Science Review, Cambridge University Press, vol. 109(4), pages 725-734, November.
    15. Ryan H. Murphy & Taylor Leland Smith, 2018. "Aggregate demand shortfalls and economic freedom," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(1), pages 111-122, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard Wagner, 2013. "What kind of state in our future? Fact and Conjecture in Vito Tanzi’s Government versus Markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(1), pages 93-104, March.
    2. James Caton & Richard E. Wagner, 2015. "Volatility in Catallactical Systems: Austrian Cycle Theory Revisited," Advances in Austrian Economics, in: New Thinking in Austrian Political Economy, volume 19, pages 95-117, Emerald Group Publishing Limited.
    3. Marta Podemska-Mikluch, 2014. "Public Policy: Object of Choice or Emergent Phenomena? Learning from the Implementation of the Medical Reimbursement Act in Poland," Advances in Austrian Economics, in: Entangled Political Economy, volume 18, pages 93-110, Emerald Group Publishing Limited.
    4. Abigail N. Devereaux & Richard E. Wagner, 2020. "Contrasting Visions for Macroeconomic Theory: DSGE and OEE," The American Economist, Sage Publications, vol. 65(1), pages 28-50, March.
    5. Alexander William Salter, 2017. "Playing at markets: A New Austrian perspective on macroeconomic policy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(1), pages 39-49, March.
    6. Richard E. Wagner, 2012. "Deficits, Debt, and Democracy," Books, Edward Elgar Publishing, number 14477, March.
    7. Richard Wagner & Deema Yazigi, 2014. "Form vs. substance in selection through competition: elections, markets, and political economy," Public Choice, Springer, vol. 159(3), pages 503-514, June.
    8. Persson, Torsten & Tabellini, Guido, 2002. "Political economics and public finance," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 3, chapter 24, pages 1549-1659, Elsevier.
    9. Bryan Caplan & Edward Stringham, 2005. "Mises, bastiat, public opinion, and public choice," Review of Political Economy, Taylor & Francis Journals, vol. 17(1), pages 79-105.
    10. Randall Holcombe, 2005. "Government growth in the twenty-first century," Public Choice, Springer, vol. 124(1), pages 95-114, July.
    11. Yogesh Uppal, 2011. "Does legislative turnover adversely affect state expenditure policy? Evidence from Indian state elections," Public Choice, Springer, vol. 147(1), pages 189-207, April.
    12. Claudio Balestri, 2014. "Political Organizations, Interest Groups and Citizens Engagement: An Integrated Model of Democracy," Public Organization Review, Springer, vol. 14(4), pages 533-543, December.
    13. Arye L. Hillman & Heinrich W. Ursprung, 2016. "Where are the rent seekers?," Constitutional Political Economy, Springer, vol. 27(2), pages 124-141, June.
    14. Mehrdad Vahabi, 2011. "Appropriation, violent enforcement, and transaction costs: a critical survey," Public Choice, Springer, vol. 147(1), pages 227-253, April.
    15. Inman, Robert P. & Rubinfeld, Daniel L., 1996. "Designing tax policy in federalist economies: An overview," Journal of Public Economics, Elsevier, vol. 60(3), pages 307-334, June.
    16. Thomas A. Garrett & Andrew F. Kozak & Russell M. Rhine, 2010. "Institutions and government growth: a comparison of the 1890s and the 1930s," Review, Federal Reserve Bank of St. Louis, vol. 92(Mar), pages 109-120.
    17. Claudio Ferraz & Frederico Finan & Monica Martinez-Bravo, 2024. "Political Power, Elite Control, and Long-Run Development: Evidence from Brazil," Journal of the European Economic Association, European Economic Association, vol. 22(6), pages 2870-2908.
    18. Evan Osborne, 2006. "Corruption and Technological Progress: A Takeoff Theory of Good Governance," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 34(3), pages 289-302, September.
    19. Bryane Michael, 2005. "The Role of Incentive Design in Parliamentarian Anti-Corruption Programmes," Microeconomics 0511009, University Library of Munich, Germany.
    20. Patrick A. McLaughlin & Adam C. Smith & Russell S. Sobel, 2019. "Bootleggers, Baptists, and the risks of rent seeking," Constitutional Political Economy, Springer, vol. 30(2), pages 211-234, June.

    More about this item

    Keywords

    Entangled political economy; additive political economy; centralized mindset; conflicting rationalities; architecture of governance; B41; D78; D85; P16;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:aaeczz:s1529-213420140000018000. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.