Public Choice, Past and Present The Legacy of James M. Buchanan and

In 1962, economists James M. Buchanan and Gordon Tullock published The Calculus of Consent, in which they developed the principles of public choice theory.  In the fifty years since its publication, the book has defined the field and set the standard

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Series Editor Randall G. Holcombe Florida State University, Tallahassee, Florida, USA Founding Editor Gordon Tullock George Mason University, Fairfax, Virginia, USA

For further volumes: http://www.springer.com/series/6550

Dwight R. Lee Editor

Public Choice, Past and Present The Legacy of James M. Buchanan and Gordon Tullock

Editor Dwight R. Lee Southern Methodist University Dallas, TX, USA

ISSN 0924-4700 ISBN 978-1-4614-5908-8 ISBN 978-1-4614-5909-5 (eBook) DOI 10.1007/978-1-4614-5909-5 Springer New York Heidelberg Dordrecht London Library of Congress Control Number: 2012953268 © Springer Science+Business Media New York 2013 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)

Preface

This volume was conceived when Larry Kenny asked me if I would be willing to participate in a plenary session honoring Jim and Gordon on the fiftieth anniversary of the publication of The Calculus of Consent at the March 2012 International Public Choice Meeting in Miami. There was to be three separate discussions: the first on the impact of The Calculus of Consent, the second on the work of Buchanan, and the third on the work of Tullock. I asked for a few days to think about what I might say during which my wife insisted that I owed it to Jim and Gordon to say yes. But almost imme

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