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Explorations into Constitutional Economics Book

Explorations into Constitutional Economics
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  • Explorations into Constitutional Economics
  • Written by author James M. Buchanan
  • Published by Texas A&M University Press, June 2000
  • This volume of thirty-one essays forms the foundation of 1986 Nobel Laureate James M. Buchanan's work on the constitutional economics paradigm he founded. These essays include many that appeared in journals not easily accessible as well as some which have
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Prefacevii
Part I.Theoretical Foundations: The Constitutional Paradigm
1.Predictive Power and the Choice among Regimes3
2.The Achievement and Limits of Public Choice in Diagnosing Government Failure and in Offering Bases for Constructive Reform24
3.Rational Choice Models in the Social Sciences37
4.Man and the State51
5.Constitutional Economics57
Part II.Applications
Voting
6.Toward a Theory of Yes-No Voting71
7.What If There Is No Majority Motion?87
8.Voter Choice: Evaluating Political Alternatives101
9.Vote Buying in a Stylized Setting116
Monetary and Fiscal Constitution
10.Predictability: The Criterion of Monetary Constitutions129
11.An Outside Economist's Defense of Pesek and Saving149
12.Can Policy Activism Succeed?154
13.Ideas, Institutions, and Political Economy: A Plea for Disestablishment165
Public Goods Supply
14.The Evaluation of Public Services178
15.A Note on Public Goods Supply194
16.Breton and Weldon on Public Goods208
17.Public Goods in Theory and Practice213
18.Convexity Constraints in Public Goods Theory218
Taxation and Public Debt
19.Fiscal Choice through Time: A Case for Indirect Taxation?228
20.Efficiency Limits of Fiscal Mobility246
21.Tax Instruments as Constraints on the Disposition of Public Revenues264
22.Dialogues Concerning Fiscal Religion283
23.Proportional and Progressive Income Taxation with Utility-maximizing Governments294
24.Coercive Taxation in Constitutional Contract309
25.Organization Theory and Fiscal Economics: Society, State, and Public Debt329
Property Rights and Externalities
26.Private Ownership and Common Usage344
27.Notes on Irrelevant Externalities, Enforcement Costs, and the Atrophy of Property Rights359
28.The Institutional Structure of Externality371
29.The Coase Theorem and the Theory of the State385
30.Entrepreneurship and the Internalization of Externalities With401
31.Market Failure and Political Failure418
Index431


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