The Bloomington School of Political Economy

The Bloomington School of Political Economy, based at Indiana University, emphasizes the importance of understanding economic development through human agency, institutions, and historical context. It combines ideas from economics, political science, and social sciences to analyze how policies, governance, and cultural factors influence a country’s progress. The approach advocates for a nuanced view of economic growth, recognizing that successful development depends on effective institutions and the active participation of individuals and communities. Essentially, it studies how countries grow and improve by considering the social and political factors that shape economic outcomes.