The Journal of Libertarian Studies
Constitutional Economics and The Calculus of Consent
James Buchanan and Gordon Tullock are widely credited with creating the Public Choice School. Its main elements include constitutional political economy, an analysis of different voting-rights regimes, and the insight that human beings do not suddenly sprout angel’s wings when they become government bureaucrats (hence, there is government failure as well as market failure). The latter is devoted to an investigation of the premises upon which a legitimate government is predicated, and to an understanding of human and property rights in a constitutional democratic order. In this paper, public choice constitutional economics shall be subjected to critique.
Volume 15, Number 3 (2001)
Cite This Article
Block, Walter., and Thomas J. DiLorenzo. "Constitutional Economics and The Calculus of Consent." Journal of Libertarian Studies 15, No. 3 (2001): 37–56.