"Challenging Institutional Analysis and Development: The Bloomington School," is a special installment of the Mercatus Lecture Series. This panel discussion featured Elinor Ostrom, 2009 Nobel Laureate and Co-director of the Workshop in Political Theory and Policy Analysis. Dr. Ostrom was joined by Mercatus Senior Research Fellow Paul Dragos Aligica and Peter Boettke, Mercatus Vice President for Research.

The Bloomington School has become one of the most dynamic, well recognized and productive centers of the New Institutional Theory movement. Its ascendancy is considered to be the result of a unique and extremely successful combination of interdisciplinary theoretical approaches and hard-nosed empiricism. This book demonstrates that the well-known interdisciplinary and empirical agenda of Bloomington research program is the result of a less-known but very bold proposition: an attempt to revitalize and extend into the new millennium a traditional mode of analysis illustrated by authors like Locke, Montesquieu, Hume, Adam Smith, Hamilton, Madison, and Tocqueville.