James Buchanan [electronic resource] /
Reisman, D.author.
James Buchanan (1919-2013), economist and philosopher, was awarded the Nobel Prize in Economics in 1986 for his original theory of political democracy as market exchange. Buchanan believed economics should be concerned with liberty, individualism and equity.
Description based upon print version of record.
Cover; Title; Copyright; Contents; 1 Introduction; 2 Individuals and Agreements; 2.1 The individual; 2.2 The truth judgment; 2.3 Truth as consensus; 2.4 Economic psychology; 2.5 The agreement; 3 Rules without Regulators; 3.1 The social individual; 3.2 Non-conflictual conventions; 3.3 Group size: large and small; 3.4 Work and saving: ethics as an external benefit; 4 Social Justice: Buchanan and Rawls; 4.1 Justice as consent; 4.2 Buchanan and Rawls; 4.3 The first principle; 4.4 The second principle; 5 Social Evolution: Buchanan and Hayek; 5.1 Market as discovery; 5.2 Conventions and heuristics
5.3 The visible hand6 Acts and Rules; 6.1 Conservatives and libertarians; 6.2 Buchanan as an anarchist; 6.3 When east went west; 7 Constitutional Rules; 7.1 The calculus of consent; 7.2 The original contract; 7.3 Unanimity of consent; 7.4 Unanimity and unknowledge; 7.5 Collective regulation: the citizen and the State; 7.6 Updating the constitution; 8 Operational Rules; 8.1 Percentages and externalities; 8.2 The tyranny of the majority; 8.3 Pareto optimality; 9 The Microeconomics of Consent; 9.1 Vote-selling; 9.2 Vote-trading; 10 Moral Anarchy; 10.1 Things fall apart; 10.2 External costs
10.3 Politicians10.4 Bureaucrats; 11 Keynesian Ethics; 11.1 Democracy without consultation; 11.2 The politics of the deficit; 11.3 Debt: objective and subjective; 11.4 Inflation; 11.5 Macroeconomic management; 12 Ethics as Unknowledge; 12.1 Agreement is all; 12.2 The fear motive; 13 Economics as Unknowledge; 13.1 The mission of the economist; 13.2 The subjectivist heritage; 13.3 Buchanan as a subjectivist; 14 Macroeconomic Policy; 14.1 Fiscal policy; 14.2 Monetary policy; 15 Microeconomic Policy; 15.1 The minimal State; 15.2 The protective State; 15.3 The productive State
15.4 The transfer State16 Buchanan's Legacy; Bibliography; Index
Includes bibliographical references and index.
James Buchanan (1919-2013), economist and philosopher, was awarded the Nobel Prize in Economics in 1986 for his original theory of political democracy as market exchange. Buchanan believed economics should be concerned with liberty, individualism and equity.
Buchanan, James M.
Economic theory.
Political economy.
Macroeconomics.
Economic history.
Social sciences—Philosophy.
Economic Theory/Quantitative Economics/Mathematical Methods.
International Political Economy.
Macroeconomics/Monetary Economics//Financial Economics.
Economic History.
Social Philosophy.