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In 1962, economists James M. Buchanan and Gordon Tullock published The Calculus of Consent, in which they developed the principles of public choice theory. In the fifty years since its publication, the book has defined the field and set the standard for research and analysis. To celebrate a half-century of scholarship in public choice, Dwight Lee has assembled distinguished academics from around the world to reflect on the influence of this monumental publication, and, more broadly, the legacy of its legendary authors. Their essays cover a broad spectrum of topics and approaches, from the impact of public choice theory on foreign policy analysis to personal remembrances of learning from and collaborating with Buchanan and Tullock. The result is a unique collection of insights that celebrate public choice and its visionary proponents, while considering its future directions.
List of contents
Introduction.- Chapter 1: The Impact of The Calculus ofConsent.- Chapter 2: Institutions and Constitutions: The Economic World ofJames M. Buchanan.- Chapter 3: On Some Neglected, But Profound, Contributionsof Gordon Tullock.- Chapter 4: Buchanan on Freedom.- Chapter 5: Choice vsInteraction in Public Choice: Discerning the Legacy of The Calculus of Consent.-Chapter 6: Constitutional Change: No Escaping Hayek.- Chapter 7: Thebioeconomics of scout bees voting-with-the wings using less-than-unanimityvoting rule: Can bees count, quorum-sense, etc.?.- Chapter 8: James Buchananand Gordon Tullock, A Half-Century On.- Chapter 9: The Politics of Medicine.- Chapter10: Tullock, Tideman, and the Origins of the Demand-Revealing Process.- Chapter11: Public Choice and Two of its Founders: An Appreciation.- Chapter 12: PublicChoice in the Big Sky.- Chapter 13: The Public Choice Revolution and Principlesof Economics Texts.- Chapter 14: The Calculus of Consent, Fifty Years Later: APersonal Tribute to James Buchanan and Gordon Tullock.- Chapter 15: James M.Buchanan and Gordon Tullock: A Reflection on Two Disruptive Economists.- Chapter16: Public Choice and Public Life.
Summary
In 1962, economists James M. Buchanan and Gordon Tullock published The Calculus of Consent, in which they developed the principles of public choice theory. In the fifty years since its publication, the book has defined the field and set the standard for research and analysis. To celebrate a half-century of scholarship in public choice, Dwight Lee has assembled distinguished academics from around the world to reflect on the influence of this monumental publication, and, more broadly, the legacy of its legendary authors. Their essays cover a broad spectrum of topics and approaches, from the impact of public choice theory on foreign policy analysis to personal remembrances of learning from and collaborating with Buchanan and Tullock. The result is a unique collection of insights that celebrate public choice and its visionary proponents, while considering its future directions.
