 Simple stipulation vs. complex emergence as modes of inquiry. Chapter 5 in Rethinking Public Choice, 2022, pp 59-72 from Edward Elgar Publishing Abstract: Entangled political economy recognizes the market-state dichotomy often to be a misleading reduction from a more complex reality. While market and state are meaningful abstractions, they are nonetheless constituted through complex patterns of interaction among differently situated individuals inside those pure forms. What emerges through those interactions is a complex system of entangled political economy where political and commercial entities both support and interfere with one another. The social system in which we all live has turbulent and tectonic character, and most certainly not the placidity as envisioned by equilibrium theory. Market enterprises can affect the plans of political enterprises, and political enterprises can do the same to market enterprises. Due to differences in the operating principles that govern those different forms of enterprise, the resulting patterns of interaction will entail turbulence due to the tectonic features that arise from the differing operating principles of commercial and political enterprises. Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21160_5 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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