Constitutional political economy was the field in which James Buchanan devoted the most effort and to which he made the largest contribution. Although his finely grained arguments cannot be easily summarized, the main developments and central line of reasoning can be covered in a single paper,...

The article summarises the evolution of the Italian school of public finance, highlighting those themes that most attracted James Buchanan's interest. It considers such topics as the operations of the fiscal authorities, the Leviatan monopolist, financial delusion, public debt theory, and the...

This article, explore the origin of public choice compared with the traditional view of political science. The emphasize is on the methodology and the initial research program developed by Buchanan and Tullock.

This paper analyze the historical origin of Fiscal illusion, and introduce to the contribution of Public Choice and in particular James Buchanan which systematized all these concept in a coherent framework. Even the critiques and application of this Theory are mentioned.

In the pure theory of foreign trade, offer curves are still a well-known textbook device for analyzing conflicting interests between countries engaged in foreign trade. In his early days Alfred Marshall suggested that this analytical device be used also for industrial disputes between workers'...

Public choice is one of the few examples of a “creative community” emerging from within the professional academic structures of economics in the postwar period. This article examines the early development of the public choice movement at the University of Virginia and how this movement both...

Ordered social life requires rules of conduct that help generate and preserve peaceful and cooperative interactions among individuals. The problem is that these social rules impose costs. They prohibit us from doing some things we might see as important and they require us to do other things...

In 1964 James Buchanan famously asked “What Should Economists Do?” He argued that economists should focus their intellectual attention on exchange and the institutions within which exchange takes place. This paper reflects on Buchanan’s message and looks at the development of that...