Description: Demand and Supply of Public Goods, Paperback by Buchanan, James M., ISBN 0865972222, ISBN-13 9780865972223, Brand New, Free shipping in the US
Public-goods theory constituted a major element in James M. Buchanan’s research agenda throughout the 1960s. The Demand and Supply of Public Goods is a major part of that work.
At the time that Buchanan was elaborating on his theories of public goods, the prevailing trend in public economics was the emergence of public-expenditure theory, which attempted to form a comprehensive theory of the state around the notion of market failure.
The Demand and Supply of Public Goods established Buchanan’s broad purpose of explicitly comparing market performance with political performance. As such, th is an important part of Buchanan’s contractarian theory of the “productive state.”
Conceived originally as a series of lectures given at Cambridge University in 1961 and 1962, The Demand and Supply of Public Goods is written for students, but is in no way a textbook of dry pedagogy. Instead, as Geoffrey Brennan writes in the foreword, “What Buchanan provides here is a clear statement of the contractarian approach to public goods problems, very much in the 'voluntary exchange’ tradition of Wicksell and Lindhal.”
James M. Buchanan (1919–2013) was an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and was considered one of the greatest scholars of liberty in the twentieth century.
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Book Title: Demand and Supply of Public Goods
Number of Pages: 220 Pages
Publication Name: Demand and Supply of Public Goods
Language: English
Publisher: Liberty Fund, Incorporated
Publication Year: 1999
Subject: Public Finance, Economics / General
Item Weight: 14.1 Oz
Type: Textbook
Author: James M. Buchanan
Item Length: 9 in
Subject Area: Business & Economics
Series: The Collected Works of James M. Buchanan Ser.
Item Width: 6 in
Format: Trade Paperback
