Economics: Between Predictive Science and Moral Philosophy
More than any previous single book, this volume is a comprehensive overview of the work of James M. Buchanan, 1986 Nobel Laureate in economic science. The twenty-six contributions in it are particularly informative of Buchanan's work from the early 1950s to the mid-1980s.
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Positive Economics Welfare Economics and Political Economy
What Should Economists Do?
Is Economics the Science of Choice?
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action activity Adam Smith allocation alternative analysis applied approach argument assumed assumption behavior Buchanan budget calculus choose collective collectivization conception constitutional constraints construction consumption cost course criterion curve decision defined discussion economic theory economists effects efficiency Einaudi empirical equal example exchange exist external economies finance fiscal theory Gordon Tullock homo economicus hypotheses implications imposed income institutions interaction interest Italian Keynesian Keynesian economics Knut Wicksell Laffer curve majority marginal cost marginal evaluation maximization modern moral community moral order normative numeraire observed opportunity cost optimal organization Pareto optimality persons Pigovian political economy position possible postulate potential predicted preference principle problem productivity purely rational Rawls relative relevant remains restricted revenue rules sense setting shift social welfare function society structure suggest tax-price taxation tion Tullock utility function Viti voting welfare economics Wicksellian
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