The Anarcho-Calculus of Consent: Proprietary Communities as Substitutes for the State
33 Pages Posted: 6 Apr 2017 Last revised: 30 Jul 2018
Date Written: September 1, 2017
James Buchanan pioneered constitutional political economy, especially in The Calculus of Consent (with Gordon Tullock) and The Limits of Liberty. While he briefly considered private clubs and associations, he mostly limited his analysis to the traditional state. However, privately governed proprietary communities are capable of providing most public goods and internalizing most externalities. We argue that such proprietary communities offer a viable and feasible means for implementing a non-state-based constitutional political economy which satisfies Buchanan's own standards. The state is not necessary to accomplish Buchanan's goals, and Buchanan's works carry unrecognized anarchist implications.
Keywords: Buchanan, Calculus of Consent, Limits of Liberty, proprietary community, private community, homeowners association, condominium, public goods, externality, constitutions
JEL Classification: B31, B53, D62, D71, H10, H41, H70, R00
Suggested Citation: Suggested Citation