Foucault and Liberal Political Economy: Power, Knowledge, and Freedom (Oxford University Press, 2025)

Political Economy

Author: Mark Pennington Published by Oxford University Press Access the book via the publisher’s website. Watch the book launch’s video …

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Latest Papers

Free to Build: Liberty and Urban Housing

 Philosophy and Public Affairs 53: 169-183. https://doi.org/10.1111/papa.12281 Billy Christmas West Virginia University – College of Business & Economics; New York …
Normative

Against the Public Ownership Conception of Shared Property

Journal of Ethics and Social Philosophy Preprint, 16 Jun 2026 Billy Christmas West Virginia University – College of Business & …

Borrowed Wealth: How the Canada Strong Fund Repeats Other Countries’ Mistakes

Our Senior Fellow Bryan Cheang’s report ‘Borrowed Wealth: How the Canada Strong Fund Repeats Other Countries’ Mistakes’, published by the …

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Sara Lowes: Matrilineal Kinship and Spousal Cooperation: Evidence from the Matrilineal Belt

I examine how matrilineal relative to patrilineal kinship systems affect spousal cooperation. In matrilineal kinship systems, lineage and inheritance are traced through women.

Dominic Parker and Bryan Leonard: Private Versus Government Ownership of Natural Resources: Evidence from the Bakken

Land ownership in the United States extends below ground, whereas most governments retain subsurface ownership. Which system generates greater resource use?

Barry Weingast, Gary Cox and Douglas North: The Violence Trap: A Political-Economic Approach to the Problems of Development

Why do developing countries fail to adopt the institutions and policies that promote development? Our answer is the violence trap. The trap is set by the unavoidable interdependence of economic and political development.

Liya Palagashvili: African Chiefs: Comparative Governance Under Colonial Rule

This paper analyzes how British colonial rule altered the club-like and competitive features of chiefdoms and weakened the incentives of political leaders to be accountable to citizens.

Anja Shortland: Closing the Gap: Assessing Responses to Terrorist-Related Kidnap-for-Ransom

Governments continue to be concerned about kidnapping as a source of terrorist finance. A host of international commitments, underpinned by UN Security Council Resolutions and domestic laws, forbids the commercial resolution of terrorist-related kidnappings and prevents governments from making concessions to terrorists.

Robin Douglass: Morality and Sociability in Commercial Society: Smith, Rousseau and Mandeville

In 1756 Adam Smith reviewed Jean-Jacques Rousseau's Discourse on Inequality and claimed that it was indebted to the second volume of Bernard Mandeville's The Fable of the Bees. While much recent scholarship has taken this as the point of departure for studying Smith's engagement with Rousseau, the place of Mandeville in shaping that engagement has been largely neglected.

Mark Pennington: Robust Political Economy and the Priority of Markets

This essay offers a “nonideal” case for giving institutional priority to markets and private contracting in the basic structure of society. It sets out a “robust political economy” framework to examine how different political economic regime types cope with frictions generated by the epistemic limitations of decision-makers and problems of incentive incompatibility.
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