The calculus of consent: logical foundations of constitutional democracy

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Liberty Fund, Nov 1, 2004 - Business & Economics - 337 pages
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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 Consentis, by a wide margin, the most widely cited publication of each coauthor and, by general agreement, their most important scientific contribution." The Calculus of Consentis 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 Consentestablishes 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. Rowleyis 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 Volume 2: The Calculus of Consent Volume 3: The Organization of Inquiry(November 2004) Volume 4: The Economics of Politics(February 2005) Volume 5: The Rent-Seeking Society(March 2005) Volume 6: Bureaucracy(June 2005) Volume 7: The Economics and Politics of Wealth Redistribution(July 2005) Volume 8: The Social Dilemma: Of Autocracy, Revolution, Coup d'Etat, and War(December 2005) Volume 9: Law and Economics(December 2005) Volume 10: Economics without Frontiers(January 2006)

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Review: The Calculus of Consent: Logical Foundations of Constitutional Democracy

User 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

Review: The Calculus of Consent

User Review  - Scott - Goodreads

Probably more a three and a half. The concept and the underlying theory of public choice are excellent. It's incredibly common-sensical and really frames the way you look at constitutional structures ... Read full review

Contents

Introduction
3
The Individualistic Postulate
11
Politics and the Economic Nexus
16
Copyright

23 other sections not shown

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About the author (2004)

James M. Buchanan is emeritus professor and advisory general director of the Center for Study of Public Choice at George Mason University in Fairfax, Virginia and emeritus professor from Virginia Polytechnic and State University.

Charles K. Rowley is at The Locke Institute.

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