The papers in this volume explore various issues relating to theories of individual and collective choice, and theories of social welfare. The topics include individual and collective rationality, motivation and intention in economics, coercion, public goods, climate change, and voting theory....

Covers topics such as: models of economic exchange and production, uncertainty, optimality, public goods, social improvement criteria, life and death choices, majority voting, Arrow's theorem, and theories of implementation and mechanism design. This book aims to make value judgments about...

In this ambitious book, the authors challenge mainstream economic theory by reconsidering the principle of individualism as its foundation. They refer to that version which fails to recognize the existence of the interests of society as such, and thus excludes the role of the state as an...

An Introduction to Social Ethics and Normative Economics -- Kolm as a Contributor to Public Utility Pricing, Second-Best Culture, and the Theory of Regulation -- Public Utility Pricing and Capacity Choice with Stochastic Demand -- Bidimensional Inequalities with an Ordinal Variable -- Inequality...

This is a new edition - with a substantial new introduction - of a book which has had a significant impact on economics, philosophy and political science. Robert Sugden shows how conventions of property, mutual aid, and voluntary supply of public goods can evolve spontaneously out of the...

This book investigates whether legal reforms intended to create a market-friendly regulatory business environment have a positive impact on economic and financial outcomes. After conducting a critical review of the legal origins literature, the authors first analyze the evolution of legal rules...

Food and agriculture have been subject to heavy-handed government interventions throughout much of history and across the globe, both in developing and in developed countries. Today, more than half a trillion US dollars are spent by some governments to support farmers, while other governments...

This Brief proposes a new theory of public economics which deemphasizes reliance on the free market and affirms the importance of public goods and services within the context of the democratic process and constitutional governance. Public non-market production makes up from a quarter to more...

Introduction -- Chapter 1: The Impact of The Calculus of Consent -- Chapter 2: Institutions and Constitutions: The Economic World of James M. Buchanan -- Chapter 3: On Some Neglected, But Profound, Contributions of Gordon Tullock -- Chapter 4: Buchanan on Freedom -- Chapter 5: Choice vs...