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Students routinely email me asking me what they should read in public choice/constitutional political economy. I am going to post some of the classic papers in the field once or twice a week. Follow this thread. #publicchoicecanon
The first is a classic #virginiapoliticaleconomy paper: An Economic Theory of Clubs by James Buchanan. I've been thinking a lot about this paper recently and it's a critical step bridging the gap between pure private & pure public goods. #publicchoicecanon darp.lse.ac.uk/papersDB/Bucha… Image
This is another classic #virginiapoliticaleconomy paper: The Pure Theory of Government Finance by James Buchanan (1949). One of the first papers outlining Buchanan's 'politics as exchange' - while critiquing the state as organism theory. #publicchoicecanon jstor.org/stable/pdf/182… Image
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