Political Economy and the Science of Association: A Suggested Reconstruction of Public Choice Through the Alliance of the Vienna, Virginia, and Bloomington Schools of Political Economy
14 Pages Posted: 8 Dec 2015
Date Written: 2014
We argue that in order to answer the challenges that James Buchanan put to contemporary political economists, a reconstruction of public choice theory building on the work of Buchanan, F.A. Hayek and Vincent Ostrom must take place. Absent such a reconstruction, and the significant challenges that Buchanan raised will continue to go unmet.
Keywords: Austrian economics; Constitutional political economy; Spontaneous order
JEL Classification: B53; D70
Suggested Citation: Suggested Citation