Duality, Liberty, and Realism in Entangled Political Economy

The work concentrates on the implications of the idealistic and the political realism senses of protecting classical liberalism for entangled political economy through the economics framework of duality. While familiar political economy predicts the duality or equivalence of maximizing liberty and of minimizing coercion, we find that this is not the case for entangled political economy. This finding suggests that minimization of coercion is what can (and must) be genuinely solved to protect classical liberalism. This solution hinges on institutional design as opposed to allocative choice. And this solution implies that the relationship between liberty and coercion is itself entangled. Thus the failure of duality is another indication of how entangled political economy differs from more familiar political economy.