The State

The State is a brilliant analysis of modern political arrangements that views the state as acting in its own interest contrary to the interests of individuals and even of an entire society. As Nobel laureate James Buchanan has observed, Jasay subjects the state to a “solid, foundational analysis, grounded in an understanding of economic theory, informed by political philosophy and a deep sense of history.” The results include a “devastating critique of the absurdities of modern welfare econ...