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<DIV>"As he usually does, Professor Buchanan has produced an interesting and provocative piece of work. [<I>Cost and Choice</I>] starts off as an essay in the history of cost theory; the central ideas of the book are traced to Davenport and Knight in the United States, and to a series of distinguished...</i></div>
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The book reprints the main articles from the 1972 volume Explorations in the Theory of Anarchy, and contains a response to each chapter, as well as new comments by Gordon Tullock, James Buchanan, Jeffrey Rogers Hummel and Peter Boettke. The younger economists are notably less pessimistic about...
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The paper contrasts two interpretations of the role of agreement in politics, a social contract notion and a dialogue notion. It is argued that the two notions can be viewed as complementing each other if one explicitly separates two components in human choice that in rational choice theory are...
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Argues that unconstrained legislative majorities overtax political minorities and proposes that a general principle of a uniform, proportional rate of tax be applied at all income levels.
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Examines structural flaws in U.S. fiscal politics as reflected in current budget deficits. Argues for the adoption of constitutional constraints that will change basic rules of the fiscal body politic.
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