The distinct characteristic in James Buchanan’s thinking about federalism in contrast to the traditional theory of fiscal federalism is his view about fiscal competition. In this paper, it is demonstrated that this thinking went through three stages. From the 1950s to the beginning of the...

This paper contends that Mises' work, both in Nationalökonomie and Human Action, provides us with an integrated treatise on economics and social theory which has had a tremendous intellectual influence in the second half of the 20th century. Mises' treatise can be seen as responsible for three...

Was 1986 Nobel Laureate James Buchanan an intellectual heir of South Carolina slavery apologist and political thinker John C. Calhoun? Further, was Buchanan's worldview shaped by segregationist Nashville Agrarian poet Donald Davidson? These are claims made by historian Nancy MacLean in her 2017...

The bulk of James Buchanan's contributions to political economy occupy 20 volumes in Liberty Fund's collection of his works. Reading those works shows both that Buchanan injected new strands of thought into that tradition and that his oeuvre contains points of apparent incoherence. To speak of a...

Recent historical works, most notably 2017's Democracy in Chains, claim that 1986 Nobel Laureate James M. Buchanan's formative contributions to political economy were inspired in significant part by hostility to Brown v. Board of Education. This argument suggests that the research agenda of...

Elinor Ostrom (2011) describes the work of James Buchanan as “foundational” to the Bloomington approach to political economy. This chapter explores the relationship between Buchanan's “Virginia School” approach to that of the Bloomington School. We examine the foundational role of the...

Throughout his career, James Buchanan displayed a remarkable consistency regarding the didactic role of the properly trained economist. As he would say, it takes varied iterations to force alien concepts upon reluctant minds. What he regarded as the role of the properly trained economist is just...

Thinking was Gordon Tullock's primary interest in life. He let his thinking roam widely and creatively over his many fields of interest; moreover, Tullock is widely recognized for the robust and creative quality of this thought. He left a valuable legacy. All the same, I think the value of that...

Historians of economic thought are paying greater attention to issues of social ontology (that is, to the assumptions that economists make about the nature of social reality). In this paper, we contribute to this burgeoning literature by exploring the hitherto neglected way in which James...