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The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and m...
The book goes on to explore and expound the Founders¿ desire to promote respect for the moral law, their appreciation of the reciprocal relationship between morality and law, andtheir commitment to the promotion of justice in the sense of impartial institutions; ideas which find expression in contractarian, constitutional political economy.
'This is a comprehensive set of essays on myriad facets of public choice by many of the leading contributors in the field. The coverage is excellent and the essays are terrific. I highly recommend this book for researchers and students.' – Todd Sandler, University of Texas at Dallas, US The Elgar Companion to Public Choice, Second Edition brings together leading scholars in the field of political economy to introduce readers to the latest research in public choice. The Companion lays out a comprehensive history of the field and, in five additional parts, it explores public choice contributions to the study of the origins of the state, the organization of political activity, the analysis of decision-making in non-market institutions, the examination of tribal governance, and to modeling and predicting the behavior of international organizations and transnational terrorism. With broad and up-to-date coverage, this second edition will appeal to politicians and policymakers, academics and researchers in public and social choice and political science as well as graduate students in economics, political science and public administration.
. . . Roth s book is useful and valuable. Using modern secular thought as his starting point, he reaches roughly the same conclusions that one would reach reasoning from the older Christian tradition. There is certainly much to like about that effort. Paul A. Cleveland, Markets & Morality This book is one of the best discussions of welfare economics since Murray Rothbard s classic paper of 1956 Toward a Reconstruction of Utility and Welfare Economics . David Gordon, The Mises Review Timothy Roth shows that social welfare theory, as currently defended by welfare economists and policymakers, is based on a confused and untenable moral theory, is incompatible with a rights-based legal order and ...
A sobering and emphatic reminder of how far we have strayed from the principles on which the republic was established. Diagnostic understanding is a necessary first step. But are we capable, as a body politic, to stop the binge and endure the hangover? Or must we acquiesce in the anarchy of politics beyond constitutional limits? James M. Buchanan, Nobel Laureate in Economics, 1986 Thomas Jefferson wrote I wish never to see all offices transferred to Washington, where, further withdrawn from the eyes of the people, they may more secretly be bought and sold at market . What would Jefferson, Madison and the other Founders write today? Deploying their moral and political philosophy, their politi...
This book will appeal to scholars and students of political economy, political thought, public choice economics and Austrian economics as well as to practitioners and policy-makers interested in how economics should support those serving the public.ø &
A study of the political theory that underlies the conservative economic thought of such economists as Milton Friedman, James Buchanan and Friedrich Hayek, and its implications for public policy. The author analyzes the political content of ideas that justify a laissez-faire policy.