James M Buchanan A Theorist of Political Economy and Social Philosophy 1st edition by Richard Wagner ISBN 3030404412 978-3030404413

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ISBN 10: 3030404412
ISBN 13: 978-3030404413
Author: Richard Wagner

“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 maverick within the economics profession. In contrast to the preponderance of economists, Buchanan made little use of mathematics and no use of econometrics, preferring to used logic and language to insert his ideas into the scholarlycommunity. Moreover, his ideas extended the domain of economic inquiry along many paths that numerous economists subsequently pursued. Buchanan’s scholarship brought economics and political science together under the rubric of public choice. He was also was a prime figure in bringing economic theory into closer contact with moral and social philosophy.This volume includes essays distributed across the extensive domain of Buchanan’s scholarly contributions, reflecting the range of his scholarly interests. Chapters will examine Buchanan’s scholarly work on public finance, social insurance, public debt, public choice, economic methodology, constitutional political economy, law and economics, and ethics and social theory. The book also examines Buchanan in relation to other prominent economists, both from the distant past and the recent past.

James M. Buchanan: A Theorist of Political Economy and Social Philosophy 1st Table of contents:

1. Who Was James M. Buchanan and Why Is He Significant?

Part I. Subjectivism and the Methodology of Political Economy

2. What Should Economists Do Now?

3. Starting from Where We Are: The Importance of the Status Quo in James Buchanan

4. James Buchanan and the Properly Trained Economist

5. James Buchanan and the “New Economics of Order” Research Program

6. Emergence, Equilibrium, and Agent-Based Modeling: Updating James Buchanan’s Democratic Political Economy

Part II. Public Finance and the Theory of the State

7. The Conflict Between Constitutionally Constraining the State and Empowering the State to Provide Public Goods

8. Fiscal Constitutions, Institutional Congruence, and the Organization of Governments

9. The Irrelevance of Balanced Budget Amendments

10. Subsidizing Health Insurance: Tax Illusion and Public Choice for a Mostly Private Good

11. Inconsistencies in the Finance of Public Services: Government Responses to Excess Demand

12. The Unproductive Protective State: The U.S. Defense Sector as a Fiscal Commons

13. Contraception Without Romance: The Entangled Political Economy of State and Federal Contraceptive Insurance Mandates

14. Samaritan’s Dilemmas, Wealth Redistribution, and Polycentricity

Part III. Collective Action and Constitutional Political Economy

15. Constitutional Reform: Promise and Reality

16. Constitutional, Political and Behavioral Feasibility

17. Blockchain and Buchanan: Code as Constitution

18. Blockchains as Constitutional Orders

19. The Questionable Morality of Compromising the Influence of Public Choice by Embracing a “Nobel” Lie

20. Beneficent Bullshit

21. Groups, Sorting, and Inequality in Constitutional Political Economy

22. Votes, Vetoes, Voice, and Exit: Constitutional Protections in the Work of James M. Buchanan and Vincent Ostrom

23. On the Definition and Nature of Fiscal Coercion

24. Politics as Exchange in the Byzantine Empire

Part IV. Ethics, Social Philosophy, and Liberal Political Economy

25. James M. Buchanan: Political Economist, Consistent Individualist

26. A Public Choice Analysis of James M. Buchanan’s Constitutional Project

27. Buchanan’s Social Contract Unveiled

28. Constitutional Design and Politics-as-Exchange: The Optimism of Public Choice

29. Doing Liberal Political Economy: James M. Buchanan as Exemplar

30. Buchanan, Hayek, and the Limits of Constitutional Ambitions

31. James Buchanan and the Return to an Economics of Natural Equals

32. From Highway to Clubs: Buchanan and the Pricing of Public Goods

Part V. Economic Theory as Social Theory

33. In Defense of (Some) Vainglory: The Advantages of Polymorphic Hobbesianism

34. Toward a Rule-Based Model of Human Choice: On the Nature of Homo Constitutionalus

35. The Constitution of Markets

36. The Extent of the Market and Ethics

37. When Roving Bandits Settle Down: Club Theory and the Emergence of Government

38. Rules Versus Discretion in Criminal Sentencing

39. Diagnosing the Electorate: James Buchanan in the Role of Political Economist

40. From Models to Experiments; James Buchanan and Charles Plott

Part VI. Money, Debt, and the Rule of Law

41. Rules Versus Authorities: Buchanan and Simons and Fiscal Policy

42. The Quest for Fiscal Rules

43. The Irresistible Attraction of Public Debt

44. Can There Be Such a Thing as Legitimate Public Debt in Democracy? De Viti de Marco and Buchanan Compared

45. Consequences of the Anachronism of Fractional Reserve Arrangements

Part VII. Buchanan in Relation to Other Prominent Scholars

46. Italian Influences on Buchanan’s Research Program

47. Paretian Fiscal Sociology

48. Artefactual and Artisanship: James M. Buchanan and Vincent Ostrom at the Core and Beyond the Boundaries of Public Choice

49. The Calculus of Consent and the Compound Republic

50. Why James Buchanan Kept Frank Knight’s Picture on His Wall Despite Fundamental Disagreem

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Tags: Richard Wagner, Political Economy, Social Philosophy