These thirtyone essays form the foundation of 1986 Nobel Laureate
James M. Buchanan's work on the constitutional economics paradigm
he founded. Following the earlier collection, Economics: Between
Predictive Science and Moral Philosophy, these essays include many
that appeared in journals not easily accessible as well as some
which have not previously been published. The volume is organized
in two parts: theoretical foundations and applications. The latter
part includes papers on aspects of voting, monetary and fiscal
constitutions, public goods supply, taxation and public debt, and
property rights and externalities. This edition provides easier
access and gives a wider exposure to a set of arguments and ideas
that mark important steps in Buchanan's building of the
Constitutional Economics Paradigm. The vision of a new political
economy developed and applied in the contributions of this volume
will be of interest to scholars and students of economics as well
as other disciplines from political science to philosophy,
providing a valuable perspective and orientation to anyone who is
concerned with the practical issues of policy making.
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