This rereleased AEI Classic presents some of the public issues involved in the growth of public debt.

James Buchanan has been a key figure in the integration of the analysis of political decision-making into the corpus of economic theory, the source for what is now called ‘public choice economics’. This notable volume seeks to identify for future generations the landmark contributions to...

Inspired by Hayek’s Individualism and Economic Order, this book also stands in contrast to the themes of that work, by emphasizing that collective action works differently from the way the market works. The chapters comprise papers written by James Buchanan, both with and without Yoon’s...

This book presents a critical assessment of the political and social order in the post-revolutionary decade of the 1990s in both the transitional economies and Western welfare states confronting fiscal crises. As we enter the new post-socialist century, James M. Buchanan argues that we need to...

Defences for regimes of private property ownership are normally grounded on economic efficiency arguments. In Property as a Guarantor of Liberty a different approach is taken, one that grounds the defence of private property ownership on the protection it affords to individual liberty. Several...

Viewed retrospectively, the early research program in public choice was intellectually exciting, and especially as that program found its institutional home in Blacksburg, Virginia, in the 1970s and 1980s. The time was ripe for such a scientific development, and the events of the 1960s gave...