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James Buchanan and Gordon Tullock: A Half-Century On

In: Public Choice, Past and Present

Author

Listed:
  • William F. Shughart

    (Utah State University)

Abstract

James Buchanan and Gordon Tullock both have contributed extensively, independently, and importantly to the scholarly literatures of, inter alia, political philosophy and economics, as well as to various subfields thereof, including public finance, law and economics, and bioeconomics. But the two are forever joined and probably best known as the coauthors of The Calculus of Consent: Logical Foundations of Constitutional Democracy, published in 1962, which launched the modern disciplines of public choice and that of its sister, constitutional political economy. This chapter singles out and summarizes, in an idiosyncratic way, three key areas of Buchanan and Tullock’s work that have influenced my own thinking and scholarly writings, namely, the costs associated with collective decision-making, the rent-seeking insight, and analyses of public budget deficits and the public debt.

Suggested Citation

  • William F. Shughart, 2013. "James Buchanan and Gordon Tullock: A Half-Century On," Studies in Public Choice, in: Dwight R. Lee (ed.), Public Choice, Past and Present, edition 127, chapter 0, pages 101-123, Springer.
    • Handle: RePEc:spr:stpchp:978-1-4614-5909-5_8
    DOI: 10.1007/978-1-4614-5909-5_8
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