The Reason of Rules by James M. Buchanan โ€“ PDF download

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    The Reason of Rules
    Constitutional Political Economy

    by James M. Buchanan

    ๐Ÿ”— The Reason of Rules – Read More ๐Ÿ”—

    • Language: english
    • Format: hardcover, 192 pages
    • Author: James M. Buchanan
    • ISBN: 9780865972315 (0865972311)
    • Genres: economics
    • Release date: July 1, 2000
    • Publisher: Liberty Fund Inc.

    About The Book

    In his foreword, Robert D. Tollison identifies the main objective of Geoffrey Brennan and James M. Buchananโ€™s The Reason of Rules: โ€œ… a book-length attempt to focus the energies of economists and other social analysts on the nature and function of the rules under which ordinary political life and market life function.โ€

    In persuasive style, Brennan and Buchanan argue that too often economists become mired in explaining the obvious or constructing elaborate mathematical models to shed light on trivial phenomena. Their solution: economics as a discipline would be better focused on deriving normative procedures for establishing rules so that ordinary economic life can proceed unaffected as much as possible by social issues.

    In The Reason of Rules, Brennan and Buchanan sketch out a methodological and analytical framework for the establishment of rules. They point out that the consideration of rules has its roots in classical economics and has been hinted at in the work of some contemporary economists. But the enterprise of applying the analytical rigor of modern economics to the establishment of effective rules is the little-traveled road that bears the most promise.

    In fact, the basic idea of the importance of rules is a thread that runs through virtually the whole of Buchananโ€™s distinguished career, and it is one of his signal contributions to the contemporary discipline of economics. The Reason of Rules is an elaboration of the potential for rules and the normative process by which they can best be devised.

    James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century.

    The entire series will include:

    Volume 1: The Logical Foundations of Constitutional Liberty

    Volume 2: Public Principles of Public Debt

    Volume 3: The Calculus of Consent

    Volume 4: Public Finance in Democratic Process

    Volume 5: The Demand and Supply of Public Goods

    Volume 6: Cost and Choice

    Volume 7: The Limits of Liberty

    Volume 8: Democracy in Deficit

    Volume 9: The Power to Tax

    Volume 10: The Reason of Rules

    Volume 11: Politics by Principle, Not Interest

    Volume 12: Economic Inquiry and Its Logic

    Volume 13: Politics as Public Choice

    Volume 14: Debt and Taxes

    Volume 15: Externalities and Public Expenditure Theory

    Volume 16: Choice, Contract, and Constitutions

    Volume 17: Moral Science and Moral Order

    Volume 18: Federalism, Liberty, and the Law

    Volume 19: Ideas, Persons, and Events

    Volume 20: Indexes

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