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Public Choice

, Volume 167, Issue 3–4, pp 291–293 | Cite as

Richard E. Wagner, Politics as a peculiar business insights from a theory of entangled political economy

Edward Elgar Publishing, Inc., Northampton, 2016, xii + 234 pp, USD 120.00 (cloth)
  • Alexander William Salter
Book Review

Richard Wagner’s Politics as a Peculiar Businessis divided into eight chapters, treating different aspects of a paradigm of entangled political-economic relationships. Chapter one situates the theory of political-economic entanglement in a strand of political economy that places governance institutions in the analytical foreground. This is necessary to motivate a transactional analysis of commercial and political enterprises. Chapter two extends this thinking to explain the differences between an additive and entangled approach to political economy. In the latter, the mutual impingement of commercial and political considerations on action within market and political orders is not only permitted, but required to tell a coherent story. Chapter three introduces a systems-theoretic approach to political economy, making an important distinction between robotic and creative systems and arguing that modern democratic polities occupy the second of these. Chapter four, while maintaining that...

Keywords

Moral Imagination Constitutional Political Economy Political Enterprise Transferable Ownership Informal Constitution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

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  3. McCloskey, D. N. (2016). Bourgeois equality: How ideas, not capital or institutions, enriched the world. Chicago: University of Chicago Press.Google Scholar
  4. Stringham, E. P., & Hummel, J. R. (2010). If a pure market economy is so good, why doesn’t it exist? The importance of changing preferences versus incentives in social change. Quarterly Journal of Austrian Economics, 13(2), 31–52.Google Scholar
  5. Stringham, E. P. (2011). Embracing morals in economics: the role if internal moral constraints in a market economy. Journal of Economic Behavior and Organization, 78(1–2), 90–109.Google Scholar

Copyright information

© Springer Science+Business Media New York 2016

Authors and Affiliations

  1. 1.Rawls College of BusinessTexas Tech UniversityLubbockUSA

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