Abstract
Elinor Ostrom (2011) describes the work of James Buchanan as “foundational” to the Bloomington approach to political economy. This chapter explores the relationship between Buchanan’s “Virginia School” approach to that of the Bloomington School. We examine the foundational role of the Calculus of Consent, both in inspiring Vincent Ostrom’s Political Theory of a Compound Republic and as a key component of the Institutional Analysis and Development framework. We then outline other important connections and areas of overlap between the two schools of thought, such as self-governance and polycentricity.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
