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1. Buchanan, James, 1791-1868 2. Presidents United States Biography 3. United States - Politics and Government - 1857-1861.
In his foreword, Robert D Tollison identifies the main objective of Geoffrey Brennan and James M Buchanan's THE REASON OF RULES: "...a book-length attempt to focus the energies of economists and other social analysts on the nature and function of the rules under which ordinary political life and market life function." In persuasive style, Brennan and Buchanan argue that too often economists become mired in explaining the obvious or constructing elaborate mathematical models to shed light on trivial phenomena. Their solution: economics as a discipline would be better focused on deriving normative procedures for establishing rules so that ordinary economic life can proceed unaffected as much as possible by social issues. In THE REASON OF RULES, Brennan and Buchanan sketch out a methodological and analytical framework for the establishment of rules. They point out that the consideration of rules has its roots in classical economics and has been hinted at in the work of some contemporary economists. But the enterprise of applying the analytical rigor of modern economics to the establishment of effective rules is the little-traveled road that bears the most promise. In fact, the basic idea of the importance of rules is a thread that runs through virtually the whole of Buchanan's distinguished career, and it is one of his signal contributions to the contemporary discipline of economics. THE REASON OF RULES is an elaboration of the potential for rules and the normative process by which they can best be devised.
As James Buchanan took office in 1857, the United States found itself at a crossroads. Dissolution of the Union had been averted and the Democratic Party maintained control of the federal government, but the nation watched to see if Pennsylvania's first president could make good on his promise to calm sectional tensions. Despite Buchanan's central role in a crucial hour in U.S. history, few presidents have been more ignored by historians. In assembling the essays for this volume, Michael Birkner and John Quist have asked leading scholars to reconsider whether Buchanan’s failures stemmed from his own mistakes or from circumstances that no president could have overcome. Buchanan's dealings with Utah shed light on his handling of the secession crisis. His approach to Dred Scott reinforces the image of a president whose doughface views were less a matter of hypocrisy than a thorough identification with southern interests. Essays on the secession crisis provide fodder for debate about the strengths and limitations of presidential authority in an existential moment for the young nation. Although the essays in this collection offer widely differing interpretations of Buchanan's presidency, they all grapple honestly with the complexities of the issues faced by the man who sat in the White House prior to the towering figure of Lincoln, and contribute to a deeper understanding of a turbulent and formative era.
An index to the series "The Collected works of James M. Buchanan."
"The Limits of Liberty is concerned mainly with two topics. One is an attempt to construct a new contractarian theory of the state, and the other deals with its legitimate limits. The latter is a matter of great practical importance and is of no small significance from the standpoint of political philosophy."—Scott Gordon, Journal of Political Economy James Buchanan offers a strikingly innovative approach to a pervasive problem of social philosophy. The problem is one of the classic paradoxes concerning man's freedom in society: in order to protect individual freedom, the state must restrict each person's right to act. Employing the techniques of modern economic analysis, Professor Buchanan reveals the conceptual basis of an individual's social rights by examining the evolution and development of these rights out of presocial conditions.
This volume presents a collection of thirty-four essays and shorter works by James M. Buchanan that represent the brilliance of his founding work on public-choice theory. The work of James M. Buchanan is perhaps most often associated with his helping to found public-choice theory. Buchanan's book-length works such as 'The Calculus of Consent' or 'The Reason of Rules' (Volumes 3 and 10, respectively, in Liberty Fund's 'The Collected Works of James M Buchanan') are best known for their brilliant application of market behavioural models to government. But Buchanan's shorter works represented here all show originality and insight as well as clear articulation of important theoretical principles. What's more, these essays have all had a significant impact on the subsequent literature about public choice. In this volume, the works are broken down into these major categorical groupings: general approach; public choice and its critics; voters; voting models; rent seeking; regulation; public choice and public expenditures. As Robert D Tollison concludes his foreword to this volumes, "Read in conjunction with the other parts of the 'Collected Works', these papers offer the reader a fuller appreciation of the public-choice revolution and its impact and prospects."
The thirty-one papers presented in this volume offer scholars and general readers alike a comprehensive introduction to the work of one of the greatest economists of the modern era. Many of Buchanan's most important essays are gathered in this inaugural volume of the twenty-volume series from Liberty Fund of his Collected Works. The editors have focused on papers that Buchanan has written without collaboration and which present Buchanan's earlier, classic statements on crucial subjects rather than his subsequent elaborations which appear in later volumes in the series. Included, too, is Buchanan's Nobel address, "The Constitution of Economic Policy," and the text of the Nobel Committee's press release explaining why Buchanan was awarded the prize for Economics in 1986. The volume also includes Buchanan's autobiographical essay, "Better Than Plowing," in which he gives not only a brief account of his life, but also his own assessment of what is important, distinctive, and enduring in his work. The foreword by the three series editors will be valuable to all readers who wish to engage the challenging but epochal writings of the father of modern public choice theory. --
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As diverse as the papers presented in this volume may seem at first glance, all of them touch on two characteristic themes of James Buchanan's work: the respect for individual sovereignty and the threat of monopoly power on the rights of the individual. In his foreword, Hartmut Kliemt says, "As opposed to more extreme and more utopian libertarians, [Buchanan] well understands that in our world it takes a state to defend the individual from the state. Buchanan, therefore, is not an anarchist but, rather, what may be called a 'reluctant anarchist' who accepts both that the state is the greatest threat to individual sovereignty and that without some statelike monopoly, individual sovereignty cannot be protected." The twenty-six essays included in Federalism, Liberty, and the Law are grouped into these categories: The Analytics of Federalism Federalism and Freedom Liberty, Man, and the State The Constitution of Markets Economists, Efficiency, and the Law Law, Money, and Crime The central issue that unites the pieces in this volume is monopoly power and its control. As a libertarian, Buchanan sees government as the greatest threat--and also the greatest protector--of individual liberties. James M. Buchanan (1919-2013) was an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and was considered one of the greatest scholars of liberty in the twentieth century.
The friendship of the bachelor politicians James Buchanan (1791-1868) of Pennsylvania and William Rufus King (1786-1853) of Alabama has excited much speculation through the years. Why did neither marry? Might they have been gay? Or was their relationship a nineteenth-century version of the modern-day "bromance"? In Bosom Friends: The Intimate World of James Buchanan and William Rufus King, Thomas J. Balcerski explores the lives of these two politicians and discovers one of the most significant collaborations in American political history. He traces the parallels in the men's personal and professional lives before elected office, including their failed romantic courtships and the stories they told about them. Unlikely companions from the start, they lived together as congressional messmates in a Washington, DC, boardinghouse and became close confidantes. Around the nation's capital, the men were mocked for their effeminacy and perhaps their sexuality, and they were likened to Siamese twins. Over time, their intimate friendship blossomed into a significant cross-sectional political partnership. Balcerski examines Buchanan's and King's contributions to the Jacksonian political agenda, manifest destiny, and the increasingly divisive debates over slavery, while contesting interpretations that the men lacked political principles and deserved blame for the breakdown of the union. He closely narrates each man's rise to national prominence, as William Rufus King was elected vice-president in 1852 and James Buchanan the nation's fifteenth president in 1856, despite the political gossip that circulated about them. While exploring a same-sex relationship that powerfully shaped national events in the antebellum era, Bosom Friends demonstrates that intimate male friendships among politicians were--and continue to be--an important part of success in American politics.