Beyond a Precarious Balance: Improving the Scientific Rigor and Policy Relevance of Institutional Analyses from the Bloomington School
published in Herzberg, Roberta Q., Peter J. Boettke, and Paul Dragos Aligica, eds. Ostrom's Tensions: Examining the Political Economy and Public Policy of Elinor C. Ostrom (Arlington, VA: Mercatus Center at George Mason University, 2019)
58 Pages Posted: 14 Jan 2021
Date Written: 2019
In this chapter, Michael D. McGinnis explores a major tension in the Ostroms’ work—the desire to balance rigor in their models with a need for policy relevance, a balance McGinnis terms strategic rigor. The Ostroms developed several different theoretical frameworks to address the questions of institutions. McGinnis pushes beyond the Ostroms’ corpus to suggest important ways in which their different frameworks—IAD, common-pool resource, and Social-Ecological System—can be linked. McGinnis brings his own approach to concrete application to identify common processes across different decision settings and suggests how these theoretical approaches provide useful insight for policymakers.
Keywords: Elinor Ostrom, Nobel prize, political economy, institutions, polycentricity, Institutional Analysis, Polycentric Governance, IAD Framework, commons
JEL Classification: Q00, Q20, B52, D02, E14, P16
Suggested Citation: Suggested Citation