The Calculus of Consent: Logical Foundations of Constitutional Democracy (Ann Arbor Paperbacks) - Softcover

Buchanan, James M.; Tullock, Gordon

Softcover

ISBN 10: 0472061003 ISBN 13: 9780472061006

Publisher: University of Michigan Press, 1960

Synopsis

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

About this title

Review

"A brilliant and significant contribution to the literature concerning the analysis of political processes with the methods of economics...."

Synopsis

"The Calculus of Consent" was co-authored by Buchanan with Gordon Tullock, with whom Buchanan collaborated on many books and academic enterprises throughout their careers. As Robert D. Tollison states in the foreword: (this book) is a radical departure from the way democracies conduct their business. The 'Calculus' is already a book for the ages. This classic work analyses the political organisation of a free society through the lens of the economic organisation of society. The authors acknowledge their unease as economists in analysing the political organisation, but they take the risk of forging into unfamiliar territory because they believe the benefits of their perspective will bear much fruit.As the authors state, their objective in this book is 'to analyze the calculus of the rational individual when he is faced with questions of constitutional choice...We examine the (choice) process extensively only with reference to the problem of decision-making rules'. The authors describe their approach as 'economic individualism'.

They believe that economists have explored individual choice extensively in the market sector while social scientists have largely ignored the dynamics of individual decision-making in the dynamics of forming group action in the public sector. Written in the early 1960s, "The Calculus of Consent" has become a bulwark of the public choice movement for which James M. Buchanan is so justly famous.

Edition details

• Publisher: University of Michigan Press
• Publication date: 1960
• Language: English
• ISBN 10: 0472061003
• ISBN 13: 9780472061006
• Binding: Paperback
• Number of pages: 384