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"Taking an innovative look at the origins of economics, this forward-thinking book relocates economics from a materialistic general theory of rational action into an idealistic theory of social organization and individual action. Adding new insightful analytical methods such as complexity theory, graph theory and computational modelling to the original insights of the Scottish Enlightenment, Richard Wagner explores economics in an ever-changing society, looking at the key civilizing processes and the important social questions. Rethinking Economics as Social Theory moves away from the traditional review of analytical exercises and associated data and illustrates an enlightening scheme of thought where human societies are heterogeneous and not homogeneous and where change is continually in motion. Furthermore, Wagner theorises that economizing is a universal form of human action that plays out in numerous substantive directions and shows cooperation and conflict to have a yin-and-yang relationship. This illuminating book will prove an excellent resource for economists interested in working outside of comparative statics as well as social scientists looking for a broader vision of economics. Philosophers and those working in the field of biological sciences will also find this an informative read"--

Innovative in its approach, Rethinking Public Choice reviews the concept of public choice since the 1950s post-war period and the application of economics to political practices and institutions, as well as its evolution in recent years attracting contributions from political science and philosophy.

Intro -- Introduction from the Series Editor -- Preface -- Contents -- List of Figures -- List of Tables -- 1 Who Was James M. Buchanan and Why Is He Significant? -- References -- Part I Subjectivism and the Methodology of Political Economy -- 2 What Should Economists Do Now? -- Buchanan's Vision of Economic Order -- Buchanan Versus Robbins -- Liberty as Individual Sovereignty -- Liberty as Autonomy -- What Should Economists Do with the Findings of Behavioural Science? -- References -- 3 Starting from Where We Are: The Importance of the Status Quo in James Buchanan -- Introduction -- The Original Position -- Justifying a State -- Justice as Fairness: Impartiality -- Buchanan's RAA, SQ, and C -- Connecting RAA, SQ, and C -- Proportionality as a General Application -- The Example of Chile -- Conclusion -- Bibliography -- 4 James Buchanan and the Properly Trained Economist -- Introduction -- The Science of Economics and Political Economy: Distinct, but Related -- Common Knowledge Consistently Applied by the Properly Trained Economist: A Perusal Through Buchanan's Archives -- Conclusion -- References -- 5 James Buchanan and the "New Economics of Order" Research Program -- Introduction: The New Fragility of Western Order -- Intellectual Origins of the "Thinking-in-Orders" Tradition as Contextual Economics -- Rise and Decline of German Ordoliberalism -- Revitalizing Impulses from Across the Atlantic: Buchanan's Virginia School and the Ostroms' Bloomington School -- "New Economics of Order" as a Research Program in Contextual Economics -- Conclusion: James Buchanan as Offspring of, Contributor to, and Revitalizer of Contextual Economics -- References -- 6 Emergence, Equilibrium, and Agent-Based Modeling: Updating James Buchanan's Democratic Political Economy -- Equilibrium and Emergence in Buchanan's Thought -- If Hayek Was an "Ace," so Was Buchanan.

This book examines the contemporary meaning and significance of James M. Buchanan's body of work, exploring the impact of his contributions on scholars today. Buchanan's prolific scholarship made strong contact with law, ethics, and political science, and offers insights for economists and scholars across the humanities.

Originally published in 1991, user charges and earmarked taxes are methods by which people pay directly for the services they recieve from government. As such they are frequently supported by those who oppose increased taxation, who argue that they are more like market transactions than traditional forms of taxation. This book explores the cogency of these arguments in the light of public choice analyses of political processes

This timely book reveals that the budget deficits and accumulating debts that plague modern democracies reflect a clash between two rationalities of governance: one of private property and one of common property. The clashing of these rationalities at various places in society creates forms of societal tectonics that play out through budgeting. The book demonstrates that while this clash is an inherent feature of democratic political economy, it can nonetheless be limited through embracing once again a constitution of liberty. -- Not all commons settings have tragic outcomes, of course, but tragic outcomes loom large in democratic processes because they entail conflict between two very different forms of substantive rationality; the political and market rationalities. These are both orders that contain interactions among participants, but the institutional frameworks that govern those interactions differ, generating democratic budgetary tragedies. Those tragedies, moreover, are inherent in the conflict between the different rationalities and so cannot be eliminated. They can, as this book argues, be reduced by restoring a constitution of liberty in place of the constitution of control that has taken shape throughout the west over the past century.

"Mind, Society and Human Action Economics originated as a branch of the humane studies that was concerned with trying to understand how some societies flourish while others stagnate, and also how once-flourishing societies could come to stagnate. Over the major part of the 20th century, however, economists mostly turned away from these humane and societal concerns by importing mechanistic ideas from 19th century physics. This book seeks to show how that original humane and social focus can be renewed."--Jacket.

This book advances a social-theoretic treatment of public finance, which contrasts with the typical treatment of government as an agent of intervention into a market economy. To start, Richard Wagner construes government not as an agent but as a polycentric process of interaction, just as is a market economy. The theory of markets and the theory of public finance are thus construed as complementary components of a broader endeavor of social theorizing, with both seeking to provide insight into the emergence of generally coordinated relationships within society. The author places analytical focus on emergent processes of development rather than on states of equilibrium, and with much of that development set in motion by conflict among people and their plans.