NOBEL LAUREATE JAMES M. BUCHANAN’S (1919-2013) CONTRIBUTIONS TO POLITICAL ECONOMY

Year 2016, Volume: 8 Issue: 1, 307 - 319, 01.06.2016

Coşkun Can Aktan

Abstract

This short paper aims to summarize the conributions of Nobel Laureate James M. Buchanan to political economy from a personal perspective. In this short paper, I will try to write how Professor Buchanan has influenced my own writings and also his dominance and credit in the acedemia and politics

Keywords

James M. Buchanan , Public Choice , Constitutional Political Economy

References

• Aktan, Coşkun Can. (1994) “James M. Buchanan’ın Politik İktisada Katkıları”,
• Maliye Yazıları Dergisi, Ocak-Mart, s.32-65. Atkinson, Anthony B. (1987) “James M. Buchanan’s Contributions to
• Economics”, Scandanavian Journal of Economics, vol 89 , No1, P.2. Boettke, Peter J. (1998). James M. Buchanan And The Rebirth Of Political
• Economy. in: Ric Holt and Steven Pressman, eds., Economics and Its Discontent: Dissent in 20th Century Economics, Edward Elgar Publishing. Buchanan, James M. (1954a). Individual Choice in Voting and the Market.
• Journal of Political Economy, 62: 334-43. Buchanan, James M. (1954b). Social Choice, Democracy, and Free Markets.
• Journal of Political Economy, 62: 114-23. Buchanan, James M. (1950). Federalism and Fiscal Equity. American Economic Review, 40: 583-99.
• Buchanan, James M. (1958). Public Principles of Public Debt. Homewood: Richard D. Irwin.
• Buchanan, James M. (1966). Public Finance in Democratic Process: Fiscal
• Institutions and Individual Choice. Chapel Hill: University of North Carolina Press. Buchanan, James M. (1967). Public Goods in Theory and Practice. Journal of Law and Economics, 10:193-97.
• Buchanan, James M. (1969). Cost and Choice: An Inquiry in Economic Theory.
• Chicago: Markham Publishing Co. Buchanan, James M. (1975). The Limits of Liberty: Between Anarchy and Leviathan. Chicago: University of Chicago Press.
• Buchanan, James M. (1977). Freedom in Constitutional Contract: Perspectives of a Political Economist. College Station: Texas A & M University Press.
• Buchanan, James M. (1979). What Should Economists Do? Indianapolis,
• Indiana: Liberty Press. Buchanan, James M., and Dwight Lee, (1982) “Tax Rates and Tax Rates in
• Political Equilibrium:Some Simple Analytics”, Economics Inquiry, vol 20, No3, July-1982.
• James M. Buchanan and Dwight Lee,(1982) “Politics, Time and the Laffer
• Curve”, Journal of Political Economy, vol 90, August-1982.
• Buchanan, James M. (1985). The Moral Dimension of Debt Financing. Economic Inquiry 23: 1-6.
• Buchanan, James M. (1986a). Better Than Plowing. Banca Nazionale del Lavoro Quarterly Review, 159: 359-75.
• Buchanan, James M. (1986b). Liberty, Market, and State: Political Economy in the 1980s. Brighton, England: Wheatsheaf Books.
• Buchanan, James M. (1989a) “Nobelity”, (Unpublished paper, presented at a special luncheon session of the Eastern Economic Association, Baltimore, Maryland, 4 March 1989.)
• Buchanan, James M. (1989b). Essays on the Political Economy. Honolulu:
• University of Hawaii Press. Buchanan, James M., (1989c) “On the Work Ethic”, Essays on the Political
• Economy, Honolulu: University of Hawaii Press, 1989.
• Buchanan, James M. (1990). Born Again Economist. Lives of the Laureates: Ten
• Nobel Economists, ed. William Breit. Cambridge, MA: MIT Press. Buchanan, James M. (1992) “Virginia Political Economy: Some Personal
• Reflections”, (Unpublihed Paper,1992)
• Buchanan, James M. (1999). The Logical Foundation of Constitutional Liberty. Liberty Fund, Inc.
• Buchanan, J. M. & Brennan, G. (1980). The Power to Tax: Analytical
• Foundations of a Fiscal Constitution. New York: Cambridge University Press. Buchanan, James M. (1985). The Reason of Rules - Constitutional Political
• Economy. Cambridge: Cambridge University Press. Buchanan, J. M. & Congleton, R. D. (1998). Politics by Principal, Not Interest.
• New York: Cambridge University Press. Buchanan, J. M. & Tullock, G. (1962). The Calculus of Consent: Logical
• Foundations of Constitutional Democracy. Ann Arbor: University of Michigan Press. Buchanan, J. M. & Wagner, R. E. (1977). Democracy in Deficit: The Political
• Legacy of Lord Keynes. New York: Academic Press. Buchanan, J. M. & Yoon, J. Y. (1994). The Return to Increasing Returns. eds.,
• Ann Arbor: University of Michigan Press. Congleton, R. D. (1999). “Buchanan and The Virginia School”, http://www.gmu.edu/jbc/fest/files/congleton.htm, 30.12.1999.
• Congleton, Roger D. (1988). “An Overview of the Contractarian Public Finance of James Buchanan”, Public Finance Quarterly, vol 16, No 2, April.
• Deming, W.Edward. (1993). The New Economics for Industry, Government,
• Education, 1993. Cambridge: University of Cambridge Press.
• Da Empoli, Domenico (1999). “Buchanan’s Contributions: An Italian
• Viewpoint”, http://www.gmu.edu/jbc/fest/files/daempoli.htm, 30.12.1999.
• Durden G. C. & Millsaps, S. W. (1996). James Buchanan’s Contribution to Social and Economic Thought: Citation Courts, Self-Assessment, and Peer Review.
• Constitutional Political Economy, 7: 133-151. Hansjürgens, B. (2000). “The Influence of Knut Wicksell on Richard Musgrave and James Buchanan”, Public Choice, 113: 95-116.
• Locksley, Gareth. (1981). “Individuals, Contracts and Constitutions: The Political
• Economy of James M. Buchanan”, in: Twelve Contemporary Economists, Eds., J.R.Schakleton and G. Locksley, London: The Macmillan Press Ltd. Mueller, Dennis. (1984) “Mueller on Buchanan”, in: Contemporary Economists in
• Perspective”, Eds. By. William Breit and Kenneth G. Elzinga, Greenwich: Connecticut, JAI Press Inc. Reisman, D. (1990). The Political Economy of James Buchanan. College Station, Texas A&M Press.
• Rowley, Charles K. (1987). “The Economic Philosophy of James McGill
• Buchanan”, Journal of Public Finance and Public Choice”, 1987/3.
• Romer, Thomas. (1988). “On James Buchanan’s Contributions to Public
• Economics”, Journal of Economic Perspectives, vol 2, No 4, Fall 1988.
• Sandmo, A. (1990). “Buchanan on Political Economy: A Review Article.” Journal of Economic Literature, 28 (1): 50-56.
• Vanberg, Viktor. (1987) “J.M.Buchanan and F.A.Hayek, “The Thought of Two
• Nobel Laureates”, Market Process, vol 5, No 1, Spring 1987. P.3.