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Landmark Papers in Economics, Politics and Law Selected By James M. Buchanan

Edited by the late James M. Buchanan, former Distinguished Professor Emeritus, George Mason University and Virginia Polytechnic Institute and State University and Advisory General Director, Center for Study of Public Choice, George Mason University, US Recipient of the 1986 Nobel Prize in Economic Sciences.
James Buchanan has been a key figure in the integration of the analysis of political decision-making into the corpus of economic theory, the source for what is now called ‘public choice economics’. This notable volume seeks to identify for future generations the landmark contributions to this area made in the twentieth century.
Extent: 656 pp
Hardback Price: $343.00 Web: $308.70
Publication Date: 2002
ISBN: 978 1 84064 472 2
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  • Economics and Finance
  • Economic History
  • History of Economic Thought
  • Public Choice Theory
  • Politics and Public Policy
  • Public Choice
James Buchanan has been a key figure in the integration of the analysis of political decision-making into the corpus of economic theory, the source for what is now called ‘public choice economics’. This notable volume seeks to identify for future generations the landmark contributions to this area made in the twentieth century.
29 articles, dating from 1923 to 1984
Contributors include: A. Alchian, W.J. Baumol, R.H. Coase, M. Friedman, F.A. Hayek, F.H. Knight, A.K. Sen, H. Simons, G. Tullock, J. Wiseman
Contents:
Acknowledgements
Foreword James M Buchanan
Preface Mark Blaug
1. Armen A. Alchian (1950), ‘Uncertainty, Evolution, and Economic Theory’
2. Armen A. Alchian (1977), ‘Some Economics of Property Rights’,
3. Frank H. Knight (1923), ‘The Ethics of Competition’
4. F.H. Knight (1924), ‘Some Fallacies in the Interpretation of Social Cost’
5. Frank H. Knight (1935), ‘The Ricardian Theory of Production and Distribution’
6. Rutledge Vining (1956), Economics in the United States of America: A Review and Interpretation of Research
7. Allyn Young (1928), ‘Increasing Returns and Economic Progress’
8. Henry C. Simons (1934), A Positive Program for Laissez Faire: Some Proposals for a Liberal Economic Policy
9. Henry C. Simons (1936), ‘Rules versus Authorities in Monetary Policy’
10. Howard R. Bowen (1944), ‘The Interpretation of Voting in the Allocation of Economic Resources’
11. Paul A. Samuelson (1954), ‘The Pure Theory of Public Expenditure’
12. Milton Friedman (1949), ‘The Marshallian Demand Curve’
13. Milton Friedman (1968), ‘The Role of Monetary Policy’
14. R.H. Coase (1937), ‘The Nature of the Firm’
15. Ronald H. Coase (1960), ‘The Problem of Social Cost’
16. F.A. Hayek (1945), ‘The Use of Knowledge in Society’
17. George J. Stigler (1961), ‘The Economics of Information’
18. Ragnar Frisch (1959), ‘On Welfare Theory and Pareto Regions’
19. Amartya Sen (1970), ‘The Impossibility of a Paretian Liberal’
20. Duncan Black (1948), ‘On the Rationale of Group Decision-Making’
21. Gordon Tullock (1959), ‘Problems of Majority Voting’
22. Gordon Tullock (1967), ‘The Welfare Costs of Tariffs, Monopolies, and Theft’
23. Jack Wiseman (1953), ‘Uncertainty, Costs, and Collectivist Economic Planning’
24. J. Wiseman (1957), ‘The Theory of Public Utility Price – An Empty Box’
25. Mark V. Pauly (1970), ‘Risk and the Social Rate of Discount’
26. William J. Baumol (1967), ‘Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis’
27. Charles R. Plott (1967), ‘A Notion of Equilibrium and Its Possibility Under Majority Rule’
28. Marilyn R. Flowers and Patricia M. Danzon (1984), ‘Separation of the Redistributive and Allocative Functions of Government: A Public Choice Perspective’
29. Anne O. Krueger (1974), ‘The Political Economy of the Rent-Seeking Society’
Name Index