The paper reconstructs the debates in the USA about economic theorizing and policymaking advisory concerning a multi-layered system of governments. Beyond apparent similarities, it highlights the ontological divides between Ostrom-Tiebout-Warren on polycentric governance and Buchanan on competitive federalism on the one side, and Musgrave’s and Olson’s fiscal federalism. It further underlines how such divides – concerning the relative role of individuals, markets, collective authorities, and social order – echoed similar debates in Europe related to a multi-layered economic system, again depending mostly on different ontological assumptions.
Masini, F., Nania, A. (2023). Market Failures and Multi-layered Collective Action. US Economic Debates. HISTORY OF ECONOMIC THOUGHT AND POLICY, 12(1), 69-89 [10.3280/SPE2023-001003].
Market Failures and Multi-layered Collective Action. US Economic Debates
Fabio Masini;Albertina Nania
2023-01-01
Abstract
The paper reconstructs the debates in the USA about economic theorizing and policymaking advisory concerning a multi-layered system of governments. Beyond apparent similarities, it highlights the ontological divides between Ostrom-Tiebout-Warren on polycentric governance and Buchanan on competitive federalism on the one side, and Musgrave’s and Olson’s fiscal federalism. It further underlines how such divides – concerning the relative role of individuals, markets, collective authorities, and social order – echoed similar debates in Europe related to a multi-layered economic system, again depending mostly on different ontological assumptions.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
