Comparative Historical Political Economy and the Bourgeois Era

17 Pages Posted: 27 Jul 2016 Last revised: 30 Apr 2018

See all articles by Peter J. Boettke

Peter J. Boettke

George Mason University - Department of Economics

Rosolino Candela

Mercatus Center at George Mason University

Date Written: July 25, 2016

Abstract

Economics, properly understood, is a dual examination of rules and social interaction within those rules, not the parametrization of atomistic interaction. Taken together, McCloskey’s trilogy is a welcome return to comparative historical political economy, one that embraces a diversity of historical, political, and cultural contexts anchored in the universality of economic analysis. Moreover, it illustrates the importance of unpacking the relationship between ideas and institutions to explain the nature and causes of economic growth. In this paper, we explore this relationship using a dual analysis of rules and interaction within rules, as discussed by Buchanan, Lachmann, and Hayek to understand how ideas and institutions interact to generate the ethical underpinnings for trade, innovation, and economic growth.

Keywords: Deirdre McCloskey; comparative historical political economy; institutions

JEL Classification: N20; O43; P16

Suggested Citation

Boettke, Peter J. and Candela, Rosolino, Comparative Historical Political Economy and the Bourgeois Era (July 25, 2016). Journal of Private Enterprise, Vol. 34, No. 2, 2017, pp. 13-29. . Available at SSRN: https://ssrn.com/abstract=2814375 or http://dx.doi.org/10.2139/ssrn.2814375

Peter J. Boettke

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

Rosolino Candela (Contact Author)

Mercatus Center at George Mason University ( email )

4400 University Drive
Fairfax, VA 22030
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
188
rank
151,744
Abstract Views
1,369
PlumX Metrics