Pareto optimality is a concept in economics that deals with optimum condition of resource distribution. James Buchanan in his essay extended the idea into the political realm to understand how unanimous consensus is reached. This essay attempts to examine whether he was justified in using the...

The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each individual as in a direct democracy. The mechanism is designed such that Pareto optimality is possible, in contrast to earlier models which make various...

The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each individual as in a direct democracy. The mechanism is designed such that Pareto optimality is possible, in contrast to earlier models which make various...