The Calculus of Consent: Logical Foundations of Constitutional Democracy
The Calculus of Consent, the second volume of Liberty Fund’s The Selected Works of Gordon Tullock, is a reprint edition of the ground-breaking economic classic written by two of the world’s preeminent economists--Gordon Tullock and Nobel Laureate James M. Buchanan. This book is a unique blend of economics and political science that helped create significant new subfields in each discipline respectively, namely, the public choice school and constitutional political economy. Charles K. Rowley, Duncan Black Professor of Economics at George Mason University, points out in his introduction, “The Calculus of Consent is, by a wide margin, the most widely cited publication of each coauthor and, by general agreement, their most important scientific contribution.”
The Calculus of Consent is divided into four parts, each consisting of several chapters. The introduction by Professor Rowley provides a short overview of the book and identifies key insights that permeated the bounds of economics and political science and created an enduring nexus between the two sciences. Part I of The Calculus of Consent establishes the conceptual framework of the book’s subject; part II defines the realm of social choice; part III applies the logic developed in part II to describe a range of decision-making rules, most notably, the rule of simple majority; while part IV explores the economics and ethics of democracy.
Charles K. Rowley is Duncan Black Professor of Economics at George Mason University and a Senior Fellow of the James M. Buchanan Center for Political Economy at George Mason University. He is also General Director of the Locke Institute.
The entire series includes:
Volume 1: Virginia Political Economy
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Review: The Calculus of Consent: Logical Foundations of Constitutional Democracy (The Selected Works of Gordon Tullock, #2)User Review - David - Goodreads
The content is great. Very dry, but you don't read books like this for the prose. Read full review
Review: The Calculus of Consent: Logical Foundations of Constitutional DemocracyUser Review - Sean Rosenthal - Goodreads
Interesting Quotes: "[I]t is especially surprising that the discussion about externality in the literature of welfare economics has been centered on the external costs expected to result from *private ... Read full review
The Individualistic Postulate
Politics and the Economic Nexus
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