Market failures, which are usually viewed as a consequence of self-interest, are also supposed to be a major justification for coercive state interventions. This was the view of, among others, Richard Musgrave and Paul Samuelson, but not of James Buchanan. The latter certainly admitted that...

Part 1. Political Economy and Constitutional Order -- 1. The Domain of Constitutional Political Economy -- 2. On the Structure of an Economy: A Reemphasis of some Classical Foundations -- 3. The Economy as a Constitutional Order -- 4. The Justification of the Compound Republic: A Retrospective...