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Governance within a system of entangled political economy

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  • Wagner, Richard E.

Abstract

Economists necessarily use models in thinking about their material because there is no alternative given the complexity of the material we face. But through what kinds of models might we use to theorize about the problem of governance? There is a choice between theoretical frameworks in this respect. The most common framework is organized around an equilibrium allocation of resources. One major problem with this framework is that resources cannot allocate themselves, for only people can do that. And they do so through interacting with one another inside some institutional framework that governs those interactions. In consequence, this paper conceptualizes governance from within a framework of entangled political economy, in contrast to the standard framework of additive political economy. This paper explores several respects in which entangled political economy diverges from additive political economy.

Suggested Citation

  • Wagner, Richard E., 2019. "Governance within a system of entangled political economy," Forest Policy and Economics, Elsevier, vol. 107(C), pages 1-1.
    • Handle: RePEc:eee:forpol:v:107:y:2019:i:c:5
    DOI: 10.1016/j.forpol.2019.05.004
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    References listed on IDEAS

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    1. Meg Patrick & Richard Wagner, 2015. "From mixed economy to entangled political economy: a Paretian social-theoretic orientation," Public Choice, Springer, vol. 164(1), pages 103-116, July.
    2. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
    3. Richard E. Wagner, 2016. "Politics as a Peculiar Business," Books, Edward Elgar Publishing, number 16989.
    4. Wagner, Richard E., 2005. "Self-governance, polycentrism, and federalism: recurring themes in Vincent Ostrom's scholarly oeuvre," Journal of Economic Behavior & Organization, Elsevier, vol. 57(2), pages 173-188, June.
    5. Morgan,Mary S., 2012. "The World in the Model," Cambridge Books, Cambridge University Press, number 9781107002975.
    6. Nathan Rosenberg, 1960. "Some Institutional Aspects of the Wealth of Nations," Journal of Political Economy, University of Chicago Press, vol. 68(6), pages 557-557.
    7. Richard E. Wagner, 2007. "Fiscal Sociology and the Theory of Public Finance," Books, Edward Elgar Publishing, number 12713.
    8. Morgan,Mary S., 2012. "The World in the Model," Cambridge Books, Cambridge University Press, number 9780521176194.
    9. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
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    Cited by:

    1. Pablo Paniagua Prieto, 2022. "The institutional evolution of central banks," Journal of Evolutionary Economics, Springer, vol. 32(3), pages 1049-1070, July.

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    More about this item

    Keywords

    Entangled political economy; Governing the commons; Polycentricity; Open systems management; divided knowledge;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry

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