Mark Pennington


Mark Pennington is Professor of Political Economy and Public Policy in the Department of Political Economy at King’s College, University of London, and is currently the European Editor of the Review of Austrian Economics. Prior to working at King’s he taught for 12 years in the School of Politics and International Relations at Queen Mary College, University of London. He holds a PhD from the London School of Economics and Political Science. Professor Pennington’s work work lies at the intersection of politics, philosophy and economics with an emphasis on the implications of bounded rationality and incentive compatibility for institutional design. His published books include Planning and the Political Market: Public Choice and the Politics of Government Failure (2001: Continuum) and Liberating the Land (2002: Institute of Economic Affairs). His most recent book is Robust Political Economy: Classical Liberalism and the Future of Public Policy (2011: Edward Elgar). This work examines the challenges to market liberal theory from neo-classical economics, communitarian political theory and egalitarian ethical theory, applying the lessons learned in the context of policy debates surrounding the welfare state, international development, and environmental protection. Elsewhere, Professor Pennington has worked extensively on deliberative democracy both at the meta-theoretical level and at a more applied scale on debates over the appropriate role of exit and voice mechanisms in primary and secondary education, and in environmental management. He has also written widely on the relationship between social capital and institutional structure with a series of papers exploring the limitations of democratic participation as a trust building device. Professor Pennington’s current research interests are focused on the relationship between theories of political economy and the ideal versus non-ideal debate in political philosophy; the economics and ethics of environmental markets; and the political economy of a self-governing society with a particular interest in Elinor and Vincent Ostrom. 

Vitae:  CV Mark Pennington.doc