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"The Limits of Liberty is concerned mainly with two topics. One is an attempt to construct a new contractarian theory of the state, and the other deals with its legitimate limits. The latter is a matter of great practical importance and is of no small significance from the standpoint of political philosophy."—Scott Gordon, Journal of Political Economy James Buchanan offers a strikingly innovative approach to a pervasive problem of social philosophy. The problem is one of the classic paradoxes concerning man's freedom in society: in order to protect individual freedom, the state must restrict each person's right to act. Employing the techniques of modern economic analysis, Professor Buchanan reveals the conceptual basis of an individual's social rights by examining the evolution and development of these rights out of presocial conditions.
“A fine collection of essays exploring, and in many cases extending, Jim Buchanan’s many contributions and insights to economic, political, and social theory.”– Bruce Caldwell, Professor of Economics, Duke University, USA"The overwhelming impression the reader gets from this very fine collection is the extraordinary expanse of James Buchanan's work. Everyone interested in economics and related fields can profit mightily from this book."– Mario Rizzo, Professor of Economics, New York University, USA This book explores the academic contribution of James Buchanan, who received the Nobel Prize for economics in 1986. Buchanan’s receipt of the Prize is noteworthy because he was a maver...
A dual biography of bachelor politicians James Buchanan and William Rufus King that analyzes a much-discussed intimate friendship in nineteenth-century American politics.
In his foreword, Robert D Tollison identifies the main objective of Geoffrey Brennan and James M Buchanan's THE REASON OF RULES: "...a book-length attempt to focus the energies of economists and other social analysts on the nature and function of the rules under which ordinary political life and market life function." In persuasive style, Brennan and Buchanan argue that too often economists become mired in explaining the obvious or constructing elaborate mathematical models to shed light on trivial phenomena. Their solution: economics as a discipline would be better focused on deriving normative procedures for establishing rules so that ordinary economic life can proceed unaffected as much a...
A provocative reconsideration of a presidency on the brink of Civil War Almost no president was as well trained and well prepared for the office as James Buchanan. He had served in the Pennsylvania state legislature, the U.S. House, and the U.S. Senate; he was Secretary of State and was even offered a seat on the Supreme Court. And yet, by every measure except his own, James Buchanan was a miserable failure as president, leaving office in disgrace. Virtually all of his intentions were thwarted by his own inability to compromise: he had been unable to resolve issues of slavery, caused his party to split-thereby ensuring the election of the first Republican president, Abraham Lincoln-and made the Civil War all but inevitable. Historian Jean H. Baker explains that we have rightly placed Buchanan at the end of the presidential rankings, but his poor presidency should not be an excuse to forget him. To study Buchanan is to consider the implications of weak leadership in a time of national crisis. Elegantly written, Baker's volume offers a balanced look at a crucial moment in our nation's history and explores a man who, when given the opportunity, failed to rise to the challenge.
This is the second volume of Liberty Fund's The Selected Works of Gordon Tullock, it is a reprint edition of the ground-breaking economic classic written by two of the world's preeminent economists -- Gordon Tullock and Nobel Laureate James M. Buchanan. This book is a unique blend of economics and political science that helped create significant new subfields in each discipline respectively, namely, the public choice school and constitutional political economy. Charles K. Rowley, Duncan Black Professor of Economics at George Mason University, points out in his introduction, The Calculus of Consent is, by a wide margin, the most widely cited publication of each coauthor and, by general agreem...
Inspired by F.A. Hayek’s Individualism and Economic Order, this book also stands in contrast to the themes of that work, by emphasizing that collective action works differently from the way the market works. The chapters comprise papers written by James M.Buchanan, both with and without Yoon’s co-authorship, after the publication of his Collected Work volumes. These chapters reflect the authors' thoughts on politics, seen through the lens of fiscal policy and the tragedies of the commons and anti-commons in collective action. The pathologies of democratic politics rigorously analyzed in the book prove the relevance of Buchanan's constitutionalism
A scientific study of the political and economic factors influencing democratic decision making
Just 24 hours after former President James Buchanan died on June 1, 1868, the Chicago Tribune rejoiced: “This desolate old man has gone to his grave. No son or daughter is doomed to acknowledge an ancestry from him.” Nearly a century and a half later, in 2004, writer Christopher Buckley observed “It is probably just as well that James Buchanan was our only bachelor president. There are no descendants bracing every morning on opening the paper to find another heading announcing: ‘Buchanan Once Again Rated Worst President in History.’” How to explain such remarkably consistent historical views of the man who turned over a divided and demoralized country to Abraham Lincoln, the same...