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Freedom in Constitutional Contract - Perspectives of a Political Economist (Paperback)
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Freedom in Constitutional Contract - Perspectives of a Political Economist (Paperback)
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Though written by an economist, this book's subject is not
"economics" in the ordinary sense of that term. Instead, it is
James Buchanan's contribution to what he has called the
"contractarian revival," the renewed interest in and emphasis on
the metaphor of the social contract in evaluating political
alternatives. He believes that genuine constitutional dialogue must
take place in this country if America is to remain a free society
and that the perspectives of an economist are valuable in the
discussion of basic issues of social philosophy.
The author critically examines the basic alternatives for social
order: anarchy, natural law, historical determinism, and revealed
reason. He rejects each of these and opts instead for "freedom in
constitutional contract." In this stance he is explicitly
constructivist, holding the view that reform in
constitutional-legal rules or institutions is possible.
Reform or improvement in such rules is determined, however, by
conceptual contractual agreement or consensus and not by external
ethical norms. Further, the choice among alternative sets of rules,
alternative "constitutions," is categorically distinguished from
attempts to suggest policy norms within an existing set of rules.
In developing his analysis, Buchanan critically analyzes recent
contributions by John Rawls, Robert Nozick, F. A. Hayek, Michael
Polanyi, Frank H. Knight, and other social philosophers
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