 Institutions and Constitutions: The Economic World of James M. BuchananChapter Chapter 2 in Public Choice, Past and Present, 2013, pp 17-32 from Springer Abstract: Abstract James Buchanan is best known for his work that established the foundations for the development of public choice. This characterization of his work is in one sense too broad and in another too narrow. Buchanan’s work consistently takes an institutional approach to economic activity, analyzing the institutional framework within which people interact, whether that interaction is through market exchange or through a collective decision-making process. Buchanan’s focus is on the process of exchange and the environment within which exchanges take place. His work in public choice has emphasized the constitutional framework within which collective action takes place, analyzing how institutions affect the results of collective action. Buchanan’s focus is considerably narrower than the broad body of work within the field of public choice. An examination of his work over his career suggests that he might be best characterized as an institutional economist who has focused on constitutional issues. Keywords: Collective Action; Public Choice; Institutional Structure; Market Institution; Constitutional Rule (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:stpchp:978-1-4614-5909-5_2 Ordering information: This item can be ordered from DOI: 10.1007/978-1-4614-5909-5_2 Access Statistics for this chapter More chapters in Studies in Public Choice from Springer |
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