Property rights lie at the heart of the economic success of any
economy and the extent to which its citizens enjoy economic
freedom. At a time when Eastern Europe is breaking free from the
yoke of collectivist-socialist ideas, this book presents essays by
four political economists evaluating a range of feasible reforms
intended to breathe new life into constitutional republicanism. The
first essay by James M. Buchanan grounds the defence of private
property ownership in the protection that it affords to individual
liberty. This is followed by a succinct but comprehensive account
by Gordon Tullock of his research programme in rent seeking. This
is a great and instructive contribution which skilfully draws out
the dangerous implications of rent seeking for private property
rights. A far-reaching and insightful essay by Richard E. Wagner
exposes the failure of the United States constitution to overcome
the tyranny of the majority so feared by the Founding Fathers: the
author demonstrates why the tyranny of the majority cannot be
overcome by a written constitution unless the institutions of
society are designed to offer complementary support to limited
government and the rule of law. In the final essay, Charles Rowley
retraces the history of social choice theory, identifies the errors
that it has promulgated and the corrective lessons that can be
learned from the classical liberal philosophy that it has
substantially ignored. Including essays by some of the most eminent
scholars in the field, Property Rights and the Limits of Democracy
makes an important and distinguished contribution to one of the
most central issues in political economy in the late twentieth
century.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
