James Buchanan and the Economics of Constitutions

Name: James Buchanan and the Economics of Constitutions
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Issue

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2013 - 1

Title

James Buchanan and the Economics of Constitutions

Author

Andrea Villani

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

01-2013

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

One of the most important debates in today’s economic policy is between Neo-Liberals supporters of free market and Neo-Keynesians supporting the fundamental relevance of public action. In this paper the James M. Buchanan’s role among the masters of neo-liberal politics is underlined. In his approach, market and political process founded on the exchange are considered good in themselves, and at the basis of the rationality of choice not only for the individual behaviour but also for public choices is set the individual, in a contractarian-constitutionalist perspective. Particularly Buchanan’s contributions in the economics of politics, and his role in the debate about justice are analysed and discussed here.