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Covenant and Moral Psychology in Polycentric Orders

In: The Austrian and Bloomington Schools of Political Economy

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  • Anas Malik

Abstract

Both the Austrian and Bloomington Schools emphasize the dispersal of information to the level of individual agents. An underappreciated difference is the Bloomington emphasis on the moral psychology of agents and its relation to covenant. Covenant refers to a habit, a sense of obligation to consider the interests of the other in decision making, and a commitment to do so that is not easily or unilaterally broken. This chapter seeks to elaborate the lineage of covenant in constituting political order and its implications for the moral psychology of agents and artisanship. This exploration raises issues of metaphysical foundations as they relate to values and to the Hobbesian–Aristotelian divide in starting points. An application to the environmental crisis, with particular reference to vested interests promoting disinformation, obfuscation, and doubt about anthropogenic climate change, suggests value in emphasizing covenant.

Suggested Citation

  • Anas Malik, 2017. "Covenant and Moral Psychology in Polycentric Orders," Advances in Austrian Economics, in: The Austrian and Bloomington Schools of Political Economy, volume 22, pages 107-132, Emerald Group Publishing Limited.
  • Handle: RePEc:eme:aaeczz:s1529-213420170000022007
    DOI: 10.1108/S1529-213420170000022007
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    References listed on IDEAS

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    1. Ostrom, Elinor & Walker, James & Gardner, Roy, 1992. "Covenants with and without a Sword: Self-Governance Is Possible," American Political Science Review, Cambridge University Press, vol. 86(2), pages 404-417, June.
    2. Stauffer, Devin, 2016. "“Of Darkness from Vain Philosophy”: Hobbes's Critique of the Classical Tradition," American Political Science Review, Cambridge University Press, vol. 110(3), pages 481-494, August.
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    Cited by:

    1. Paul Lewis & John Meadowcroft, 2024. "Constitutional artisans: James Buchanan and Vincent Ostrom on artifactual man, the constitutional attitude, and the political economy of constitutional design," Constitutional Political Economy, Springer, vol. 35(3), pages 363-387, September.

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