Duality, Liberty, and Realism in Entangled Political Economy

Giampaolo Garzarelli, Lyndal Keeton () and Aldo A. Sitoe ()
Additional contact information
Lyndal Keeton: University of the Witwatersrand
Aldo A. Sitoe: University of the Witwatersrand

A chapter in Realism, Ideology, and the Convulsions of Democracy, 2023, pp 17-39 from Springer

Abstract: Abstract The work concentrates on the implications of the idealistic and the political realism senses of protecting classical liberalism for entangled political economy through the economics framework of duality. While familiar political economy predicts the duality or equivalence of maximizing liberty and of minimizing coercion, we find that this is not the case for entangled political economy. This finding suggests that minimization of coercion is what can (and must) be genuinely solved to protect classical liberalism. This solution hinges on institutional design as opposed to allocative choice. And this solution implies that the relationship between liberty and coercion is itself entangled. Thus the failure of duality is another indication of how entangled political economy differs from more familiar political economy.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:stpchp:978-3-031-39458-4_2

Ordering information: This item can be ordered from
http://www.springer.com/9783031394584

DOI: 10.1007/978-3-031-39458-4_2

Access Statistics for this chapter

More chapters in Studies in Public Choice from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().