This Element argues that the problems of economic calculation, institutional diversity, and institutional feasibility are interconnected and mutually reinforcing. This Element revisits the classic debates surrounding alternative economic and governance systems.
This Element argues that the problems of economic calculation, institutional diversity, and institutional feasibility are interconnected and mutually reinforcing. This Element revisits the classic debates surrounding alternative economic and governance systems.
Paul Dragos Aligica is senior fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.
Inhaltsangabe
1. Introduction 2. Institutional diversity, institutional feasibility, and the challenge of possibilism 3. Institutional structure and performance: comparative economic systems, institutional analysis, and the endogenization of feasibility 4. The economic calculation debate revisited: exchange, rivalry, and institutions 5. The feasible: conceptualization and formalization at the boundaries of ideal theory 6. Conclusions References.
1. Introduction 2. Institutional diversity, institutional feasibility, and the challenge of possibilism 3. Institutional structure and performance: comparative economic systems, institutional analysis, and the endogenization of feasibility 4. The economic calculation debate revisited: exchange, rivalry, and institutions 5. The feasible: conceptualization and formalization at the boundaries of ideal theory 6. Conclusions References.
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