Economics

The Legacy of James Buchanan

ABSTRACT

The weeklong colloquium introduced a group of advanced graduate students and young Phds to the work of James Buchanan, who was awarded the Nobel Prize for economics in 1986 for his contributions in developing the field of "public choice," or simply "the Virginia School" of economics.

READING LIST

From Liberty Fund

Public Principles of Public Debt

by By James M. Buchanan
Foreword by Geoffrey Brennan

Public Principles of Public Debt is one of James M. Buchanan’s most important and influential books. The radical idea he conceived was that our reliance on public debt has amassed a sort of orthodoxy that is commonly—and needlessly—assumed by taxpayers, by politicians, and by economists themselves.

Buchanan dismisses the nearly…

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Ideas, Persons, and Events

by By James M. Buchanan
Foreword by Hartmut Kliemt

This final volume (save for the Index) in Liberty Fund’s The Collected Works of James M. Buchanan acquaints us most intimately with the man himself. Included are essays and short pieces that shed light on Buchanan’s view of the world.

Ranging from personal reflections on the art and science of…

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Additional Readings

Buchanan, James M. and G. F. Thirlby, eds. The L.S.E. Essays on Cost. New York: New York University Press, 1981. oll.libertyfund.org/title/105 (accessed November 6, 2009).

The Intellectual Portrait Series: A Conversation with James M. Buchanan (Part 1). Directed by Liberty Fund, Inc. Interviewer: Geoffrey Brennan: Indianapolis, 2001. DVD.

The Intellectual Portrait Series: A Conversation with James M. Buchanan (Part 2). Directed by Liberty Fund, Inc. Interviewer: Geoffrey Brennan: Indianapolis, 2001. DVD.

Brennan, Geoffrey. "James Buchanan: An Assessment," 2013.

Acemoglu, Daron. “The Origins of Power, Prosperity and Poverty [Cato Policy Report Vol. XXXIV No. 4, July/August 2012] .” CATO Institute. http://www.cato.org/pubs/policy_report/v34n4/cprv34n4-1.pdf (Accessed on October 15, 2012).

Buchanan, James. “Game Theory, Mathematics, and Economics.” Journal of Economic Methodology 8, no. 1 (March 2001): 27-32.

Buchanan, James and Gordon Tullock. The Collected Works of James M. Buchanan, Volume 3: The Calculus of Consent: Logical Foundations of Constitutional Democracy. Indianapolis: Liberty Fund, Inc., 1999.

Buchanan, James M. “Afraid to be free: Dependency as desideratum.” Public Choice 124 (2005): 19-31.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 6: Cost and Choice: An Inquiry in Economic Theory. Indianapolis: Liberty Fund, Inc., 1999.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 7, The Limits of Liberty––Between Anarchy and Leviathan. Indianapolis: Liberty Fund, 2000.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 14: Debt and Taxes. Indianapolis: Liberty Fund, Inc., 2001.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 18: Federalism, Liberty, and the Law. Indianapolis: Liberty Fund, Inc., 2001.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 13: Politics as Public Choice. Indianapolis: Liberty Fund, Inc., 2000.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 1: The Logical Foundations of Constitutional Liberty. Indianapolis: Liberty Fund, Inc., 1999.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 12: Economic Inquiry and Its Logic. Indianapolis: Liberty Fund, Inc., 2000.

Kliemt, Hartmut. “Buchanan as a Classical Liberal.” The Independent Review 18, no. 3 (Winter 2014): 391-400.

North, Douglass and Barry Weingast. “Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England.” The Journal of Economic History XLIX, no. 4 (December 1989): 803-832.

Ostrom, Vincent, “Taking Constitutions Seriously: Buchanan’s Challenge to Twentieth-Century Political Science” In Competition and Cooperation, edited by James E. Alt, Margaret Levi, and Elinor Ostrom, 123-136. New York: Russell Sage Foundation, 1999.

Rawls, John. “Justice as Fairness: Political not Metaphysical.” Philosophy and Public Affairs 14, no. 3 (Summer 1985): 223-251.

Tempelman, Jerry H. “James M. Buchanan on Public-Debt Finance.” Independent Institute 11, no. 3 (Winter 2007): 435-449.

Vining, Rutledge. Economics in the United States of America: A Review and Interpretation of Research. Paris: UNESCO, 1956.