This paper explores James Buchanan's contributions to monetary economics and argues these contributions form the foundation of a robust monetary economics paradigm. While often not recognized for his contributions to monetary economics, Buchanan's scholarship offers important insights for...

Can elites with access to governing institutions be constitutionally constrained? Effective constitutional constraints must be self-enforcing. This represents a substantial barrier to economic development, especially when elites control governing institutions. This paper analyzes how late Middle...