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Economics as moral exchange: James Buchanan meets Martin Buber

Author

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  • Tyler J. Brough

    (Utah State University)

  • Randy T Simmons

    (Utah State University)

Abstract

In this article, we examine the methodological writings of James M. Buchanan and relate them to those of the moral philosopher, Martin Buber. We analyze Buchanan’s views, both explicit and implicit in his writings, on the morality of the exchange relationship between individuals. We imagine a hypothetical meeting between Buchanan and Buber and conclude that Buchanan would have agreed with Buber’s dialogical philosophy of human interaction as a foundation for his catallactic point of view.

Suggested Citation

  • Tyler J. Brough & Randy T Simmons, 2023. "Economics as moral exchange: James Buchanan meets Martin Buber," Public Choice, Springer, vol. 194(3), pages 395-420, March.
    • Handle: RePEc:kap:pubcho:v:194:y:2023:i:3:d:10.1007_s11127-023-01047-y
    DOI: 10.1007/s11127-023-01047-y
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    References listed on IDEAS

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    1. Fisher,Franklin M., 1989. "Disequilibrium Foundations of Equilibrium Economics," Cambridge Books, Cambridge University Press, number 9780521378567.
    2. John H. Kagel & Raymond C. Battalio & Howard Rachlin & Leonard Green, 1981. "Demand Curves for Animal Consumers," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(1), pages 1-15.
    3. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
    4. Dan Johansson, 2004. "Economics Without Entrepreneurship or Institutions: A Vocabulary Analysis of Graduate Textbooks," Econ Journal Watch, Econ Journal Watch, vol. 1(3), pages 515-538, December.
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    Cited by:

    1. Phillip W. Magness & Art Carden & Ilia Murtazashvili, 2023. "Gordon Tullock and the economics of slavery," Public Choice, Springer, vol. 197(1), pages 185-199, October.

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