Economists commonly use the Edgeworth box to illustrate the ability of exchange to generate gains from trade. In contrast to this framework of dyadic exchange, we explore triadic forms of exchange where margins of coercion are also present. In the presence of triadic exchange, market...

Economic theory contains a significant theoretical antinomy. Markets are thought to secure coordination in self-organized fashion. In contrast, polities are portrayed as securing coordination through planning and administration. Doing this is to commit what Mitchel Resnick (1994) calls the...

This essay uses the analytical lens crafted through the vision of entangled political economy to explore the ways in which concerns over Covid-19 have influenced conduct within the public square of social life. By entangled political economy we refer to a scheme of thought articulated by two...

This paper contrasts two forms of entrepreneurship -- genuine and parasitical -- within a framework of entangled political economy. In 1911, Joseph Schumpeter described entrepreneurship as the locus of leadership within a capitalist economy. At that time state participation in economic activity...

This essay uses entangled political economy to explore how concerns over Covid-19 have influenced conduct within the public square. Entangled political economy represents a merging of ideas that Frank Knight (1933) and Harold Lasswell (1936) set forth to indicate that politics and economics...

Economic theory contains a significant theoretical antinomy that we seek to erase. That theory can account for coordination through markets. Such coordination, however, covers only some 50-60 percent of economic activity within developed nations. The theory ignores the remainder by presuming...

Federalism is commonly described in contradictory fashion as involving both competition and decentralization. These descriptions may appear similar on the surface but they emanate from contradictory analytical orientations. Competition entails a polycentric arrangement of competitors where there...

This paper contrasts raising and leveling as alternative conceptual frameworks regarding the social organization of welfare. At least since Richard Musgrave’s (1959) tripartite organization of the theory of public finance, most fiscal scholars have treated the redistributive activities of...

This paper presents the preface and first chapter of my book on James M. Buchanan, which should be out in late 2017, published by Lexington. This chapter introduces Buchanan to those who don't know him, or who know him only in terms of individual pieces of work they have encountered. I portray...

What is the place of political parties within a democratic system of political economy? Parties are often described as intermediaries that lubricate the political process by facilitating the matching of voter preferences with candidate positions. This line of analysis flows from a bi-planar...