Titlebook: Effective Governance and the Political Economy of Coordination; Dan Greenwood Book 2023 The Editor(s) (if applicable) and The Author(s), u

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Governance, Markets and Institutional Analysis,bout governance. Firstly, the varying degrees to which political science approaches engage in evaluative research are considered. As is explained, positivism was an important influence in the early years of political science and economics as academic disciplines, which led to a tendency to refrain f

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The Challenge of Coordination,The Austrian approach complements the perspective of later heterodox traditions, including those critical of Mises’ and Hayek’s market-orientated liberalism. This shared conceptual ground, recognising the plurality of incommensurable values that motivate individuals across society and the complexiti

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Policy Goals and Knowledge,ontemporary governance, such as equality of opportunity, social justice and environmental sustainability, even though they are not the primary focus of these debates. It is concluded that there is potential for defining these goals as ‘pattern shaping,’ hence taking them to give a broad indication o

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Coordination Beyond the Market,licy processes beyond the market. Hence, this chapter explores the potential for non-market, including political, processes to foster coordination. Firstly, with a focus on Amartya Sen’s contribution, establishing the normative grounds for governance evaluation, it is argued, can be viewed as a proc

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Scales of Governance,rrangements for establishing or settling upon appropriate forms and scales of governance within which markets operate. How far, it is asked, does such ‘meta level’ coordination require a democratic political process, as Knight and Johnson argue? Classical liberal proposals grounded in heterodox poli

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Evaluating Coordinative Effectiveness,plinary investigation across different geographical and sectoral contexts, draws from the heterodox Austrian and Bloomington Schools. There is openness to a range of possible conclusions including those running counter to the classical liberal proposals closely associated with these traditions. Comp

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Conclusion,eness,’ as understood here, is the question of the scope of markets and the institutional arrangements for their operation. There are various types of institutional arrangements and forms of governance that might be adopted to attain sought policy goals.

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https://doi.org/10.1007/978-3-8349-8265-0nce suggests the need and potential for governance as a process of ‘steering’ towards policy goals, as often emphasised by political science literatures on governance. As further explored in subsequent chapters, such an understanding of the normative grounds for policy evaluation is of integral importance to the wider aim of evaluating governance.