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This book contains a range of essays on topics in the emerging field of "constitutional political economy". This field of enquiry is strongly associated with the name of James M. Buchanan whose research program has been the point of departure for this field. The essays are a selection of those written by colleagues and researchers in the field to honor Buchanan on the occasion of his 80th birthday. They cover a wide range of topics but fall primarily into two sets: one set dealing with methodological aspects of the c.p.e. approach; the other dealing with specific applications in a variety of policy areas, ranging from "economic transformation" to monetary policy regimes to health care. One particular issue in the methodological area relates to the model of motivation used - and more especially, the role of "morality" in economic and political behavior. The five essays on this topic make up one of the sections of the book, and justify reference to the issue in the volume's title.
I Buchanan and Public Choice in Historical Perspective.- 1. Onwards and Upwards — James Buchanan at 80.- 2. Buchanan and the Virginia School.- 3. A Young Man of Eighty.- 4. Buchanan-as-Artist: A Retrospective.- II Methodological Aspects of Buchanan’s Work.- 5. Science and the Social Order.- 6. A Creative Theorist in His Workshop: James M. Buchanan as a Positive Economist.- 7. Buchanan and Shackle on Cost, Choice and Subjective Economics.- 8. The Art of the State, State of the Art.- 9. Buchanan as a Conservative.- 10. Buchanan and Wiseman.- 11. Notes on Buchanan on Methodological Individualism.- III Constitutional Economics.- 12. The Importance of Uncertainty in a Two-Stage Theory of Constitutions.- 13. The Constitutional Stage Revisited.- 14. Evolution and Learning in Collective Decision Making.- 15. Revisiting “The Nobel Lie”: An Argument for Constitutional Constraints.- 16. The Calculus of Dissent: Constitutional Completion and Public Goods.- 17. Pareto Optimality and the Rule of Law.- 18. An Invisible Hand Theorem for Collectivists.- IV Public Choice and Public Policy.- 19. Does Abstention Matter?.- 20. The Transformation of Economic Systems.- 21. Will the Europeans Seize Their “Once-in-History Opportunity”? — Comments on James M. Buchanan’s Essay “Europe’s Constitutional Opportunity”.- 22. The Role of a New International Monetary Institution after the EMU and after the Asian Crises: Some Preliminary Ideas Using Constitutional Economics.- 23. On Conditions Favouring the Introduction and Maintenance of Stable Monetary Regimes and of Free Constitutions.- 24. Merit Goods from a Constitutional Perspective.- 25. James Buchanan as a Health Economist.- V The Moral Dimension.- 26. Morality and the Political Process.- 27. Economic Morality as a Competitive Asset.- 28. To Help or Not to Help: The Samaritan’s Dilemma Revisited.- 29. Constitutional Economics and Ethics — On the Relation Between Self-Interest and Morality.- 30. Contingencies, the Limits of Systems, and the Morality of the Market.- VI Buchanan as Teacher and Colleague.- 31. Mr. Buchanan — Some Episodes from the Life of a University of Virginia Graduate Student in the Early 1960s.- 32. James McGill Buchanan: A Classic Original Thinker.- 33. Learning from the Master: A Student Evaluation of Professor Buchanan.- 34. James M. Buchanan Outside the Classroom: A Former Student’s Perspective.- 35. Blacksburg, Virginia: Summer, 1977.- 36. A Birthday Reminiscence.- 37. First Encounters with James Buchanan’s Scholarship: A Personal Reminiscence.- 38. James Buchanan’s Influence: A Personal View.- 39. ‘Is GMU Big Enough for Buchanan?’.- About the Editors.