The subjectivist-contrarian position

Adam Martin ()
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Adam Martin: Texas Tech University

Public Choice, 2020, vol. 183, issue 3, No 15, 479-494

Abstract: Abstract James Buchanan endorses a radical version of subjectivism at several points in his body of work. I distinguish two distinct criteria for subjectivism in Buchanan. First, Buchanan rejects the realism of preferences, arguing that they serve only as an analytical tool for understanding choice. Second, Buchanan adopts an Austrian perspective inspired by Kirzner and Shackle on the importance of creativity. In addition to reconstructing Buchanan’s subjectivism, I examine how it relates to more recent work in political philosophy, behavioral economics, and psychology in order to ascertain the value Buchanan’s radical approach might still hold.

Keywords: Behavioral economics; Contractarianism; Entrepreneurship; Subjectivism (search for similar items in EconPapers)
JEL-codes: B31 B41 B53 D90 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s11127-020-00808-3

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