What Should Economists Do?
What Should Economists Do? by James M. Buchanan is a collection of sixteen essays exploring the methodology of economics, its application to political science and other social sciences, and its relevance as moral philosophy. Published by Liberty Fund in 1979, this first edition comprises 292 pages and is presented in English. The essays include previously unpublished works such as “Professor Alchian on Economic Method” and “Public Choice and Ideology,” offering insights into Buchanan’s influential perspectives.
Readers will find a diverse range of discussions that reflect Buchanan’s contributions as a moral and legal philosopher, welfare economist, and public finance theorist. The essays aim to provide accessible insights into the evolving methodologies within economics and their implications for understanding government activities. This volume serves as a significant resource for those interested in the intersections of economics and moral philosophy, as well as the development of public choice theory.
Official synopsis Publisher
This volume is a collection of sixteen essays on three general topics: the methodology of economics, the applicability of economic reasoning to political science and other social sciences, and the relevance of economics as moral philosophy. Several essays are published here for the first time, including “Professor Alchian on Economic Method,” “Natural and Artifactual Man,” and “Public Choice and Ideology.”
This book provides relatively easy access to a wide range of work by a moral and legal philosopher, a welfare economist who has consistently defended the primacy of the contractarian ethic, a public finance theorist, and a founder of the burgeoning subdiscipline of public choice. Buchanan’s work has spawned a methodological revolution in the way economists and other scholars think about government and government activity.
As a measure of recognition for his significant contribution, Dr. Buchanan was awarded the 1986 Nobel Prize in Economics.
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