Suchergebnisse

Buchanan pays tribute to his long-term friend & colleague at the London School of Economics, Peter Bauer, whom he describes as "first of all, a simple economist, who valued honesty above all else.".

To commence any answer to the question "Can democracy promote the general welfare?" requires attention to the meaning of "general welfare." If this term is drained of all significance by being defined as "whatever the political decision process determines it to be," then there is no content to the question. The meaning of the term can be restored only by classifying possible outcomes of democratic political processes into two sets – those that are general in application over all citizens and those that are discriminatory.