James M. Buchanan’s Legacy for Liberty

Conference for Students – February 9-11, 2018

Discussion Leader: Michael C. Munger, Duke University

Session I – The Calculus of Consent

Buchanan, James and Gordon Tullock. The Collected Works of James M. Buchanan, Volume 3: The Calculus of Consent: Logical Foundations of Constitutional Democracy. Indianapolis: Liberty Fund Inc., 1999. Chapter 4, “Individual Rationality in Social Choice”, Chapter 8, “The Costs of Decision-Making”, and “Appendix 1: Marginal Notes on Reading Political Philosophy”. Page(s): 31-39, 97-116, and 305- 325.

Session II – Morality and the Social Order

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 17: Moral Science and Moral Order. Indianapolis: Liberty Fund, Inc., 2001. “Moral Community, Moral Order, or Moral Anarchy” and “Political Economy and Social Philosophy”. Page(s): 187-201 and 235-265.

Session III – The Public Choice Perspective

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 1: The Logical Foundations of Constitutional Liberty. Indianapolis: Liberty Fund, Inc., 1999. “Politics Without Romance”. Page(s): 45-59.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 13: Politics as Public Choice. Indianapolis: Liberty Fund, 2000. “The Public Choice Perspective”, “Is Public Choice Immoral? The Case for the ‘Nobel’ Lie”, and “The Achievement and the Limits of Public Choice in Diagnosing Government Failure and in Offering Bases for Constructive Reform”. Page(s): 15-24, 79-89, and 112-126.

Session IV – Law as a Public Capital

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 7: The Limits of Liberty: Between Anarchy and Leviathan. Indianapolis: Liberty Fund, 2000. Chapter 7, “Law as Public Capital” and Chapter 9, “The Threat of Leviathan”. Page(s): 136-164 and 186-208.

Session V – The Economics of Natural Liberty

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 18: Federalism, Liberty, and the Law. Indianapolis: Liberty Fund, Inc., 2001. “Towards the Simple Economics of Natural Liberty: An Exploratory Analysis,” “On the Structure of an Economy: A Re-emphasis of Some Classical Foundations,” and “The Market as a Creative Process”. Page(s): 198-215, 263-275, and 289-310.

Session VI – Liberty versus the Welfare State

Buchanan, James and Richard E. Wagner. The Collected Works of James M. Buchanan, Volume 8: Democracy in Deficit, The Political Legacy of Lord Keynes. Indianapolis: Liberty Fund, Inc., 2000. Selection from Chapter 7, “Keynesian Economics in Democratic Politics”, selection from Chapter 8, “Money-Financed Deficits and Political Democracy,” and Chapter 9, “Institutional Constraints and Political Choice”. Page(s): 95-106, 110-125, and 129-149.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 16: Choice, Contract, and Constitutions. Indianapolis: Liberty Fund, 2001. “Dismantling the Welfare State”. Page(s):