James M. Buchanan / [edited by] John Meadowcroft.

Includes bibliographical references (pages 166-170) and index.

Cover13; -- Contents -- Acknowledgements -- The Referencing of Buchanan8217;s Work in this Book -- 1. Buchanan8217;s Intellectual Biography -- Introduction -- Early Years and War Years -- Chicago -- Frank Knight -- Knut Wicksell -- Knoxville, Tallahassee and the Italian Year -- Virginia Political Economy -- Charlottesville -- UCLA and 8216;academia in anarchy8217; -- Blacksburg -- Fairfax -- Nobel Prize and Beyond -- 2. Buchanan8217;s Ideas -- Introduction -- The Individualist Postulate -- The Problems of Anarchy -- Rights -- Political Agreement and Constitutional Choice: Enter the State -- Public Goods, the Productive State and Non-Unanimous Decisions -- Constitutional Democracy: Procedural not Substantive -- The Problems of Non-Contractarian Politics: Re-Entering Anarchy -- Individual preferences and 8216;democratic8217; outcomes -- Exploitation or the imposition of external costs -- Rent-seeking -- The state: the threat of Leviathan -- Constitutionalism: Solving the Problems of Politics -- A fiscal constitution -- Qualified majority decision-making -- Federalism -- Constitutional revolution -- Conclusion -- 3. The Reception and Influence of Buchanan8217;s Work -- Introduction -- The Intellectual Impact and Influence of Public Choice Theory -- The Critics of Buchanan and Public Choice Theory -- Methodological individualism -- Self-interest -- Rationality -- Unanimity -- Power -- The Development of Public Choice as an Academic Community -- 4. The Continuing and Future Relevance of Buchanan8217;s Ideas -- Bibliography -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- W -- Y.

James McGill Buchanan (B. 1919) is an American economist best known for his public choice theory. The founder of a new Virginia school of political economy, he has written extensively on subjects including public finance, macroeconomics, and libertarian theory. <br /><br />Buchanan8217;s theory offered a basis for conservative political endeavors such as a constitutional amendment to balance the federal budget. He was awarded the Nobel Prize in Economics in 1986.<br />

Print version record.

English.

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