Economic Inquiry and Its Logic
Economic Inquiry and Its Logic presents a collection of Buchanan’s most representative works in economic method and analysis. As Robert D. Tollison points out in his foreword, “[Included] in this volume are some of [Buchanan’s] most often cited works on methodology, including papers reflecting his emphasis on the subjective nature of opportunity costs and the implications of this subjectivity for economic analysis.”

The works collected in this volume also demonstrate Buchanan’s interest throughout his career in the ideas and issues posed by economic theory. Buchanan shows throughout this volume that he believes economic theory can help explain the world around us.

Spanning nearly his entire fifty-year career, Buchanan’s writings in this volume exhibit a consistency of thought and belief as ideas recur from paper to paper, ever richer and more resonant.The thirty-six works represented here are grouped into seven major categories:

  1. The Practice and Method of Economic Theory
  2. Competition and Entrepreneurship
  3. The Theory of Monopoly
  4. Input Prices
  5. Opportunity Cost and Efficient Prices
  6. Increasing Returns and the Work Ethic 7.Economic Theory in a Post-socialist World

Clearly, these papers as a whole reflect a broad range of issues and provide us with countless insights. More than this, they give us a picture of the theorist in his workshop. They acquaint us with what interests him and how he deals with important issues.

James M. Buchanan (1919–2013) was an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and was considered one of the greatest scholars of liberty in the twentieth century.

1100546037
Economic Inquiry and Its Logic
Economic Inquiry and Its Logic presents a collection of Buchanan’s most representative works in economic method and analysis. As Robert D. Tollison points out in his foreword, “[Included] in this volume are some of [Buchanan’s] most often cited works on methodology, including papers reflecting his emphasis on the subjective nature of opportunity costs and the implications of this subjectivity for economic analysis.”

The works collected in this volume also demonstrate Buchanan’s interest throughout his career in the ideas and issues posed by economic theory. Buchanan shows throughout this volume that he believes economic theory can help explain the world around us.

Spanning nearly his entire fifty-year career, Buchanan’s writings in this volume exhibit a consistency of thought and belief as ideas recur from paper to paper, ever richer and more resonant.The thirty-six works represented here are grouped into seven major categories:

  1. The Practice and Method of Economic Theory
  2. Competition and Entrepreneurship
  3. The Theory of Monopoly
  4. Input Prices
  5. Opportunity Cost and Efficient Prices
  6. Increasing Returns and the Work Ethic 7.Economic Theory in a Post-socialist World

Clearly, these papers as a whole reflect a broad range of issues and provide us with countless insights. More than this, they give us a picture of the theorist in his workshop. They acquaint us with what interests him and how he deals with important issues.

James M. Buchanan (1919–2013) was an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and was considered one of the greatest scholars of liberty in the twentieth century.

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Economic Inquiry and Its Logic

Economic Inquiry and Its Logic

by James M. Buchanan
Economic Inquiry and Its Logic

Economic Inquiry and Its Logic

by James M. Buchanan

Overview

Economic Inquiry and Its Logic presents a collection of Buchanan’s most representative works in economic method and analysis. As Robert D. Tollison points out in his foreword, “[Included] in this volume are some of [Buchanan’s] most often cited works on methodology, including papers reflecting his emphasis on the subjective nature of opportunity costs and the implications of this subjectivity for economic analysis.”

The works collected in this volume also demonstrate Buchanan’s interest throughout his career in the ideas and issues posed by economic theory. Buchanan shows throughout this volume that he believes economic theory can help explain the world around us.

Spanning nearly his entire fifty-year career, Buchanan’s writings in this volume exhibit a consistency of thought and belief as ideas recur from paper to paper, ever richer and more resonant.The thirty-six works represented here are grouped into seven major categories:

  1. The Practice and Method of Economic Theory
  2. Competition and Entrepreneurship
  3. The Theory of Monopoly
  4. Input Prices
  5. Opportunity Cost and Efficient Prices
  6. Increasing Returns and the Work Ethic 7.Economic Theory in a Post-socialist World

Clearly, these papers as a whole reflect a broad range of issues and provide us with countless insights. More than this, they give us a picture of the theorist in his workshop. They acquaint us with what interests him and how he deals with important issues.

James M. Buchanan (1919–2013) was an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and was considered one of the greatest scholars of liberty in the twentieth century.

Product Details

ISBN-13: 9780865972360
Publisher: Liberty Fund, Incorporated
Publication date: 10/01/2000
Series: The Collected Works of James M. Buchanan , #12
Edition description: Volume 12
Pages: 514
Product dimensions: 6.00(w) x 9.00(h) x 1.25(d)
Age Range: 18 Years

Table of Contents


Foreword xi 1. The Practice and Method of Economic Theory Is Economics the Science of Choice? 3 General Implications of Subjectivism in Economics 22 There Is a Science of Economics 30 Economics as a Public Science 44 Ceteris Paribus: Some Notes on Methodology 52 Marshall's Mathematical Note XIX
(James M. Buchanan and Charles Plott) 67 The Normative Purpose of Economic Science': Rediscovery of an Eighteenth Century Method
(Geoffrey Brennan and James M. Buchanan) 70 Predictive Power and the Choice among Regimes
(Geoffrey Brennan and James M. Buchanan) 87 The Economizing Element in Knight's Ethical Critique of Capitalist Order 110 Professor Alchian on Economic Method 128 2. Competition and Entrepreneurship Cognition, Choice, and Entrepreneurship
(James M. Buchanan and Alberto di Pierro) 141 Resource Allocation and Entrepreneurship 154 Entrepreneurship and the Internalization of Externalities
(James M. Buchanan and Roger L. Faith) 169 3. The Theory of Monopoly The Theory of Monopolistic Quantity Discounts 191 The “Dead Hand” of Monopoly
(James M. Buchanan and Gordon Tullock) 206 On Monopoly Price
(Geoffrey Brennan, James M. Buchanan, and Dwight Lee) 219 A Regional Countermeasure to National Wage Standardization
(James M. Buchanan and John E. Moes) 236 4. Input Prices Saving and the Rate of Interest: A Comment 245 The Backbending Supply Curve of Labor: An Example of Doctrinal Retrogression? 253 The Homogenization of Heterogeneous Inputs
(James M. Buchanan and Robert D. Tollison) 260 Trying Again to Value a Life
(James M. Buchanan and Roger L. Faith) 278 5. Opportunity Cost and Efficient Prices Opportunity Costs and Legal Institutions 285 Peak Loads and Efficient Pricing: Comment 298 The Optimality of Pure Competition in the Capacity Problem: Comment 308 Private Ownership and Common Usage: The Road Case Re-examined 311 Introduction: L. S. E. Cost Theory in Retrospect 327 6. Increasing Returns and the Work Ethic Economic Interdependence and the Work Ethic 343 The Economics and the Ethics of Idleness 366 The Simple Economics of the Menial Servant 377 Constitutional Implications of Alternative Models of Increasing Returns
(James M. Buchanan and Yong J. Yoon) 388 Who Cares Whether the Commons Are Privatized? 397 7. Economic Theory in a Postsocialist World Asymmetrical Reciprocity in Market Exchange: Implications for Economies in Transition 409 Economic Science and Cultural Diversity 426 Structure-Induced Behaviour in Markets and in Politics 435 We Should Save More in Our Own Economic Interest 453 Economic Theory in the Postrevolutionary Moment of the 1990s 470 Name Index 487 Subject Index 491
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