Paul Dragos Aligica, Peter J. Boettke, and Vlad Tarko
- Published in print:
- 2019
- Published Online:
- June 2019
- ISBN:
- 9780190267032
- eISBN:
- 9780190267063
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190267032.003.0004
- Subject:
- Economics and Finance, Public and Welfare
Chapter 3 present a set of key notions to be employed in framing and approaching the dynamic governance process, and the phenomena associated with it, in ways that are particularly relevant for ...
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Chapter 3 present a set of key notions to be employed in framing and approaching the dynamic governance process, and the phenomena associated with it, in ways that are particularly relevant for governance analysis and design: (a) the very idea of process-focused, dynamic governance itself, having at its core the voluntary action principle; (b) the notions of countervailing powers and voluntary sector, nonstate governance, leading to the overarching and encapsulating notion of polycentricity, the governance keystone of the normative individualist system of classical-liberal inspiration; and (c) the epistemic dimension, and the conceptualization of the role of knowledge discovery, production, aggregation and distribution in society, as well as the associated epistemic and institutional processes all seen as a natural complement of the notion of polycentricity.Less
Chapter 3 present a set of key notions to be employed in framing and approaching the dynamic governance process, and the phenomena associated with it, in ways that are particularly relevant for governance analysis and design: (a) the very idea of process-focused, dynamic governance itself, having at its core the voluntary action principle; (b) the notions of countervailing powers and voluntary sector, nonstate governance, leading to the overarching and encapsulating notion of polycentricity, the governance keystone of the normative individualist system of classical-liberal inspiration; and (c) the epistemic dimension, and the conceptualization of the role of knowledge discovery, production, aggregation and distribution in society, as well as the associated epistemic and institutional processes all seen as a natural complement of the notion of polycentricity.
