November 20, 2012

Institutional Analysis and Political Economy

  • Paul Dragos Aligica

    Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Michael McGinnis

    Professor and Chair, Department of Political Science, Indiana University, Bloomington
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This Handbook provides a comprehensive global survey of the policy process. Written by an outstanding line up of distinguished scholars and practitioners, the Handbook covers all aspects of the policy process. In this chapter, the authors claim that one of the most profound challenges to the way public policy and public administration were conceptualized and practiced came from the Bloomington School of political economy institutionalism (Mitchell, 1988; Aligica and Boettke, 2009). The Bloomington school contribution covered all three areas (method, empirical findings and theoretical foundations) but its most lasting impact has come from the fact that it has been advancing a profound theoretical vision about governance and governance-related processes. 

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