Liberty, Market and State: Political Economy in the 1980s

acknowledged agreement allocation allowed alternative analysis argument basic behaviour Buchanan Calculus of Consent capital value chapter claims collective conceptually constitutional constraints consumption contract contractarian costs criterion debt financing decision rule decision-making default deficits defined democracy democratic discussion distribution economic economists effect efficiency embodies emerge entrants equal liberty evaluation exchange exist explicitly fairness fiscal Frank Knight Geoffrey Brennan Gordon Tullock governmental Hayek homo economicus idealized implications inclusive income individual initial institutional structure interaction interests issue justice Knut Wicksell limits majoritarian maximal modern moral community moral order normative noted observed outcomes outlay patterns period persons perspective political economy potential precepts predicted principle public choice public choice theory public debt Rawlsian redistributive reform relevant remain role sense share shift social spontaneous order starting positions suggest taxation theory utility Warren Nutter welfare welfare economics Wicksellian