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Bukantianism—Buchanan's philosophical economics

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  • Kliemt, Hartmut

Abstract

This paper reconstructs how Buchanan himself answers his question “what should economists do?” The way Buchanan tries to stir a middle course between the extremes of an a priori logic of human action and economic behaviorism is sketched as broadly Kantian. Other than a conventional Kantian, Buchanan's game theoretically inspired “dual worlds”-approach, as reconstructed, is fully compatible with a scientific world view. However, bringing together “political philosophy and predictive science”, Bukantianism has to cope with remaining tensions between the empirical and the normative.

Suggested Citation

  • Kliemt, Hartmut, 2011. "Bukantianism—Buchanan's philosophical economics," Journal of Economic Behavior & Organization, Elsevier, vol. 80(2), pages 275-279.
    • Handle: RePEc:eee:jeborg:v:80:y:2011:i:2:p:275-279
    DOI: 10.1016/j.jebo.2011.07.013
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    References listed on IDEAS

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    1. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, December.
    2. Jørgen Jacobsen, Hans, 1996. "On the Foundations of Nash Equilibrium," Economics and Philosophy, Cambridge University Press, vol. 12(1), pages 67-88, April.
    3. Oskar Morgenstern, 1972. "Descriptive, Predictive And Normative Theory," Kyklos, Wiley Blackwell, vol. 25(4), pages 699-714, November.
    4. Vernon L. Smith, 1962. "An Experimental Study of Competitive Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 70(2), pages 111-111.
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    Cited by:

    1. Geoffrey Brennan & Hartmut Kliemt, 2023. "Politics as Exchange?," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 40(1), pages 39-59, December.
    2. Giampaolo Garzarelli & Lyndal Keeton & Aldo A. Sitoe, 2022. "Rights redistribution and COVID-19 lockdown policy," European Journal of Law and Economics, Springer, vol. 54(1), pages 5-36, August.
    3. Gustavo Nunes Mourão & Eduardo Angeli, 2022. "A classification of the methodology of James M. Buchanan from a multidisciplinary perspective," Constitutional Political Economy, Springer, vol. 33(4), pages 413-432, December.
    4. Michael C. Munger, 2018. "30 years after the nobel: James Buchanan’s political philosophy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(2), pages 151-167, June.
    5. Hartmut Kliemt, 2023. "The logical foundations of constitutional democracy between legal positivism and natural law theory," Public Choice, Springer, vol. 195(3), pages 269-281, June.
    6. John Thrasher, 2019. "Democracy Unchained: Contractualism, Individualism, and Independence in Buchanan’s Democratic Theory," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 36(1), pages 25-40, October.
    7. Alan Hamlin, 2023. "Subjectivism and Constitutionalism," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 40(1), pages 19-38, December.

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    More about this item

    Keywords

    Economic methodology; Foundations of “contractarian” economics;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary

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