The Limits of Public Choice

A Sociological Critique of the Economic Theory of Politics

Author: Lars Udehn

Publisher: Routledge

ISBN: 1134802021

Category: Business & Economics

Page: 464

View: 3761

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Public choice has been one of the most important developments in the social sciences in the last twenty years. However there are many people who are frustrated by the uncritical importing of ideas from economics into political science. Public Choice uses both empirical evidence and theoretical analysis to argue that the economic theory of politics is limited in scope and fertility. In order to arrive at a more comprehensive understanding of political life, political scientists must learn from both economists and sociologists.

The Theory of Public Choice--II

Author: James M. Buchanan,Robert D. Tollison

Publisher: University of Michigan Press

ISBN: 9780472080410

Category: Business & Economics

Page: 452

View: 6811

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Discusses voting, tax policy, government regulation, redistribution of wealth, and international negotiation in a new approach to government

The Limits of Liberty

Between Anarchy and Leviathan

Author: James M. Buchanan

Publisher: University of Chicago Press

ISBN: 9780226078205

Category: Business & Economics

Page: 210

View: 579

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"The Limits of Liberty is concerned mainly with two topics. One is an attempt to construct a new contractarian theory of the state, and the other deals with its legitimate limits. The latter is a matter of great practical importance and is of no small significance from the standpoint of political philosophy."—Scott Gordon, Journal of Political Economy James Buchanan offers a strikingly innovative approach to a pervasive problem of social philosophy. The problem is one of the classic paradoxes concerning man's freedom in society: in order to protect individual freedom, the state must restrict each person's right to act. Employing the techniques of modern economic analysis, Professor Buchanan reveals the conceptual basis of an individual's social rights by examining the evolution and development of these rights out of presocial conditions.

Uneconomic Economics and the Crisis of the Model World

Author: M. Watson

Publisher: Springer

ISBN: 1137385499

Category: Political Science

Page: 108

View: 2258

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What has gone wrong with economics? Economists now routinely devise highly sophisticated abstract models that score top marks for theoretical rigour but are clearly divorced from observable activities in the current economy. This creates an 'uneconomic economics', where models explain relationships in blackboard rather than real-life markets.

The End of the Welfare State?

Responses to State Retrenchment

Author: Stefan Svallfors,Peter Taylor-Gooby

Publisher: Routledge

ISBN: 1134621213

Category: Social Science

Page: 256

View: 759

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Throughout the world, politicians from all the main parties are cutting back on state welfare provision, encouraging people to use the private sector instead and developing increasingly stringent techniques for the surveillance of the poor. Almost all experts agree that we are likely to see further constraints on state welfare in the 21st Century. Gathering together the findings from up-to-date attitude surveys in Europe East and West, the US and Australasia, this revealing book shows that, contrary to the claims of many experts and policy-makers, the welfare state is still highly popular with the citizens of most countries. This evidence will add to controversy in an area of fundamental importance to public policy and to current social science debate.

From Economics Imperialism to Freakonomics

The Shifting Boundaries Between Economics and Other Social Sciences

Author: Ben Fine,Dimitris Milonakis

Publisher: Routledge

ISBN: 1134099371

Category: Business & Economics

Page: 216

View: 3553

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Is or has economics ever been the imperial social science? Could or should it ever be so? These are the central concerns of this book. It involves a critical reflection on the process of how economics became the way it is, in terms of a narrow and intolerant orthodoxy, that has, nonetheless, increasingly directed its attention to appropriating the subject matter of other social sciences through the process termed "economics imperialism". In other words, the book addresses the shifting boundaries between economics and the other social sciences as seen from the confines of the dismal science, with some reflection on the responses to the economic imperialists by other disciplines. Significantly, an old economics imperialism is identified of the "as if market" style most closely associated with Gary Becker, the public choice theory of Buchanan and Tullock and cliometrics. But this has given way to a more "revolutionary" form of economics imperialism associated with the information-theoretic economics of Akerlof and Stiglitz, and the new institutional economics of Coase, Wiliamson and North. Embracing one "new" field after another, economics imperialism reaches its most extreme version in the form of "freakonomics", the economic theory of everything on the basis of the most shallow principles. By way of contrast and as a guiding critical thread, a thorough review is offered of the appropriate principles underpinning political economy and its relationship to social science, and how these have been and continue to be deployed. The case is made for political economy with an interdisciplinary character, able to bridge the gap between economics and other social sciences, and draw upon and interrogate the nature of contemporary capitalism.

Everything for Sale

The Virtues and Limits of Markets

Author: Robert Kuttner

Publisher: University of Chicago Press

ISBN: 9780226465555

Category: Business & Economics

Page: 410

View: 5247

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In this highly acclaimed, provocative book, Robert Kuttner disputes the laissez-faire direction of both economic theory and practice that has been gaining in prominence since the mid-1970s. Dissenting voices, Kuttner argues, have been drowned out by a stream of circular arguments and complex mathematical models that ignore real-world conditions and disregard values that can't easily be turned into commodities. With its brilliant explanation of how some sectors of the economy require a blend of market, regulation, and social outlay, and a new preface addressing the current global economic crisis, Kuttner's study will play an important role in policy-making for the twenty-first century. "The best survey of the limits of free markets that we have. . . . A much needed plea for pragmatism: Take from free markets what is good and do not hesitate to recognize what is bad."—Jeff Madrick, Los Angeles Times "It ought to be compulsory reading for all politicians—fortunately for them and us, it is an elegant read."—The Economist "Demonstrating an impressive mastery of a vast range of material, Mr. Kuttner lays out the case for the market's insufficiency in field after field: employment, medicine, banking, securities, telecommunications, electric power."—Nicholas Lemann, New York Times Book Review "A powerful empirical broadside. One by one, he lays on cases where governments have outdone markets, or at least performed well."—Michael Hirsh, Newsweek "To understand the economic policy debates that will take place in the next few years, you can't do better than to read this book."—Suzanne Garment, Washington Post Book World

Action and Reaction in the World System

The Dynamics of Economic and Political Power

Author: Thierry de Montbrial

Publisher: UBC Press

ISBN: 0774824751

Category: Political Science

Page: 376

View: 3623

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This book occupies the same niche as Raymond Aron's 1962 classic, Peace and War. While Aron wrote during the Cold War, Thierry de Montbrial writes about the post-Soviet international system, a system that is multipolar, ideologically heterogeneous, and thus highly unstable. In this book, he lays the foundation for a praxeology, or a "science of action," to facilitate a better understanding of the dynamics of international problems and a more systematic approach to policy making. A major contribution to international relations theory and winner of the 2002 Georges Pompidou Prize, this book offers the necessary keys to decrypt the international system in the twenty-first century.

Law and the State

A Political Economy Approach

Author: Alain Marciano,Jean-Michel Josselin

Publisher: Edward Elgar Publishing

ISBN: 9781845426798

Category: Political Science

Page: 413

View: 8431

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Law and the State provides a political economy analysis of the legal functioning of a democratic state, illustrating how it builds on informational and legal constraints. It explains, in an organised and thematic fashion, how competitive information enhances democracy while strategic information endangers it, and discusses how legal constraints stress the dilemma of independence versus discretion for judges as well as the elusive role of administrators and experts. Throughout the book, empirical evidence and comparative studies illuminate sometimes provocative theoretical views on issues such as: the place of the rule of law in constitutional and banking systems; regulation of copyright, art and heritage; innovations and technologies of communication and information; terrorism and media manipulation. Both private and public law, applied and theoretical issues are covered comprehensively. Academics and researchers of law and economics and public choice will find much to challenge and inform them within this book.

Individuals, Groups, and Business Ethics

Author: Chris Provis

Publisher: Routledge

ISBN: 0415891949

Category: Business & Economics

Page: 179

View: 1941

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Corporate social responsibility has become a heavily discussed topic in business ethics. Identifying some generally accepted moral principles as a basis for discussion, Individuals, Groups, and Business Ethics examines ethical dimensions of our relationships with families, friends and workmates, the extent to which we have obligations as members of teams and communities, and how far ethics may ground our commitments to organisations and countries. It offers an innovative analysis that differentiates amongst our genuine ethical obligations to individuals, counterfeit obligations to identity groups, and complex role-based obligations in organised groups. It suggests that often individuals need intuitive moral judgment developed by experience, reflection and dialogue to identify the individual obligations that emerge for them in complex group situations. These situations include some where people have to discern what their organisationsâe(tm) corporate social responsibilities imply for them as individuals, and other situations where individuals have to deal with conflicts amongst their obligations or with efforts by other people to exploit them. This book gives an integrated, analytical account of how our obligations are grounded, provides a major theoretical case study of such ethical processes in action, and then considers some extended implications.

The Calculus of Consent

Logical Foundations of Constitutional Democracy

Author: James M. Buchanan,Gordon Tullock

Publisher: Collected Works of James M. Bu

ISBN: 9780865972186

Category: Business & Economics

Page: 356

View: 7942

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The Calculus of Consent was co-authored by Buchanan with Gordon Tullock, with whom Buchanan collaborated on many books and academic enterprises throughout their careers. As Robert D. Tollison states in the foreword, ?[this book] is a radical departure from the way democracies conduct their business. The Calculus is already a book for the ages.” This classic work analyzes the political organization of a free society through the lens of the economic organization of society. The authors acknowledge their unease as economists in analyzing the political organization, but they take the risk of forging into unfamiliar territory because they believe the benefits of their perspective will bear much fruit. As the authors state, their objective in this book is ?to analyze the calculus of the rational individual when he is faced with questions of constitutional choice . . . .We examine the [choice] process extensively only with reference to the problem of decision-making rules.” The authors describe their approach as ?economic individualism.” They believe that economists have explored individual choice extensively in the market sector while social scientists have largely ignored the dynamics of individual decision-making in the dynamics of forming group action in the public sector. Written in the early 1960s, The Calculus of Consent has become a bulwark of the public choice movement for which James M. Buchanan is so justly famous. James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century. The entire series includes: Volume 1: The Logical Foundations of Constitutional Liberty Volume 2: Public Principles of Public Debt Volume 3: The Calculus of Consent Volume 4: Public Finance in Democratic Process Volume 5: The Demand and Supply of Public Goods Volume 6: Cost and Choice Volume 7: The Limits of Liberty Volume 8: Democracy in Deficit Volume 9: The Power to Tax Volume 10: The Reason of Rules Volume 11: Politics by Principle, Not Interest Volume 12: Economic Inquiry and Its Logic Volume 13: Politics as Public Choice Volume 14: Debt and Taxes Volume 15: Externalities and Public Expenditure Theory Volume 16: Choice, Contract, and Constitutions Volume 17: Moral Science and Moral Order Volume 18: Federalism, Liberty, and the Law Volume 19: Ideas, Persons, and Events Volume 20: Indexes

Democracy in Chains

The Deep History of the Radical Right's Stealth Plan for America

Author: Nancy MacLean

Publisher: Penguin

ISBN: 1101980966

Category: History

Page: 334

View: 1187

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"Focusing on Nobel Prize-winning economist James McGill Buchanan (1919-2013), whom Charles Koch funded and championed, MacLean elaborates on [what he sees as] the Koch brothers' insidious, dangerous manipulation of American politics. Based on Buchanan's papers as well as published sources, MacLean creates a ... portrait of an arrogant, uncompromising, and unforgiving man, stolid in his mission to 'save capitalism from democracy'"--

Politics as Public Choice

Author: James M. Buchanan

Publisher: N.A

ISBN: 9780865972384

Category: Political Science

Page: 497

View: 4471

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This volume presents a collection of thirty-four essays and shorter works by James M. Buchanan that represent the brilliance of his founding work on public-choice theory. The work of James M. Buchanan is perhaps most often associated with his helping to found public-choice theory. Buchanan’s book-length works such as The Calculus of Consent or The Reason of Rules (Volumes 3 and 10, respectively, in Liberty Fund’s The Collected Works of James M. Buchanan) are best known for their brilliant application of market behavioral models to government. But Buchanan’s shorter works represented here all show originality and insight as well as clear articulation of important theoretical principles. What’s more, these essays have all had a significant impact on the subsequent literature about public choice. In this volume, the works are broken down into these major categorical groupings: 1.General Approach 2.Public Choice and Its Critics 3.Voters 4.Voting Models 5.Rent Seeking 6.Regulation 7.Public Choice and Public Expenditures As Robert D. Tollison concludes his foreword to this volumes, "Read in conjunction with the other parts of the 'Collected Works,’ these papers offer the reader a fuller appreciation of the public-choice revolution and its impact and prospects.” James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century. The entire series will include: Volume 1: The Logical Foundations of Constitutional Liberty Volume 2: Public Principles of Public Debt Volume 3: The Calculus of Consent Volume 4: Public Finance in Democratic Process Volume 5: The Demand and Supply of Public Goods Volume 6: Cost and Choice Volume 7: The Limits of Liberty Volume 8: Democracy in Deficit Volume 9: The Power to Tax Volume 10: The Reason of Rules Volume 11: Politics by Principle, Not Interest Volume 12: Economic Inquiry and Its Logic Volume 13: Politics as Public Choice Volume 14: Debt and Taxes Volume 15: Externalities and Public Expenditure Theory Volume 16: Choice, Contract, and Constitutions Volume 17: Moral Science and Moral Order Volume 18: Federalism, Liberty, and the Law Volume 19: Ideas, Persons, and Events Volume 20: Indexes

A Theory of Justice

Author: John RAWLS

Publisher: Harvard University Press

ISBN: 0674042603

Category: Philosophy

Page: 623

View: 4566

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Though the revised edition of A Theory of Justice, published in 1999, is the definitive statement of Rawls's view, so much of the extensive literature on Rawls's theory refers to the first edition. This reissue makes the first edition once again available for scholars and serious students of Rawls's work.

The Oxford Handbook of Political Economy

Author: Barry R. Weingast,Donald Wittman

Publisher: Oxford University Press

ISBN: 0199548471

Category: Philosophy

Page: 1112

View: 4957

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Oxford Handbooks of Political Science are the essential guide to the state of political science today. With engaging contributions from 71 major international scholars, the Oxford Handbook of Political Economy provides the key point of reference for anyone working in political economy and beyond.

The Theory of Committees and Elections by Duncan Black and Committee Decisions with Complementary Valuation by Duncan Black and R.A. Newing

Author: Iain S. McLean,Alistair McMillan,Burt L. Monroe

Publisher: Springer Science & Business Media

ISBN: 9401148600

Category: Political Science

Page: 457

View: 5387

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R. H. Coase Duncan Black was a close and dear friend. A man of great simplicity, un worldly, modest, diffident, with no pretensions, he was devoted to scholarship. In his single-minded search for the truth, he is an example to us all. Black's first degree at the University of Glasgow was in mathematics and physics. Mathematics as taught at Glasgow seems to have been designed for engineers and did not excite him and he switched to economics, which he found more congenial. But it was not in a lecture in economics but in one on politics that he found his star. One lecturer, A. K. White, discussed the possibility of constructing a pure science of politics. This question caught his imagination, perhaps because of his earlier training in physics, and it came to absorb his thoughts for the rest of his life. But almost certainly nothing would have come of it were it not for his appointment to the newly formed Dundee School of Economics where the rest of the. teaching staff came from the London School of Economics. At Glasgow, economics, as in the time of Adam Smith, was linked with moral philosophy. At Dundee, Black was introduced to the analytical x The Theory o/Committees and Elections approach dominant at the London School of Economics. This gave him the approach he used in his attempt to construct a pure science of politics.

Cultivating Rural Amenities An Economic Development Perspective

An Economic Development Perspective

Author: OECD

Publisher: OECD Publishing

ISBN: 9264173943

Category:

Page: 116

View: 5752

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This book points out that because many natural and cultural features are public goods, with limited markets and hazy property rights, public policies are needed to strike the delicate balance between supply and demand.

Robust Political Economy

Classical Liberalism and the Future of Public Policy

Author: Mark Pennington

Publisher: Edward Elgar Pub

ISBN: 9781849807654

Category: Business & Economics

Page: 302

View: 2028

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'I really enjoyed reading Mark Pennington's book. Really, really enjoyed it. He nicely blends public choice and Austrian insights, the notion of robust political economy as something that takes into account self-interest, knowledge, and incentives. Pennington expertly highlights the comparative institutional arrangements and the plurality of choices that a system with several property and exit possibilities provides. Uniquely, he discusses how neither straight neoclassical economics nor the Stiglitz variety gets it. This is an important book because it attempts to address the critics directly. It is a book almost custom-made for those who want to defend classical liberalism against the common arguments.' - Bruce J. Caldwell, Duke University, US

The Political Economy of Public Debt

Three Centuries of Theory and Evidence

Author: Richard M. Salsman

Publisher: Edward Elgar Publishing

ISBN: 1785363387

Category:

Page: 336

View: 4837

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How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? That important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike.