A scientific study of the political and economic factors influencing democratic decision making

In 1962, economists James M. Buchanan and Gordon Tullock published The Calculus of Consent, in which they developed the principles of public choice theory. In t

Buchanan and Tullock’s seminal work, The Calculus of Consent, linked economic methodology to substantive questions in political science. Among the major contr

Discusses voting, tax policy, government regulation, redistribution of wealth, and international negotiation in a new approach to government

This volume presents a collection of thirty-four essays and shorter works by James M. Buchanan that represent the brilliance of his founding work on public-choi