Part of: The Collected Works of James M. Buchanan in 20 vols. Cost and Choice: An Inquiry in Economic Theory, Vol. 6 of the Collected Works

Vol. 6 of The Collected Works. A short work in which Buchanan develops his ideas on opportunity cost. He takes an individualist and subjectivist perspective and attempts to integrate this into the orthodox classical and neoclassical framework.

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Citation

The Collected Works of James M. Buchanan, Foreword by Geoffrey Brennan, Hartmut Kliemt, and Robert D. Tollison, 20 vols. (Indianapolis: Liberty Fund, 1999-2002). Vol. 6 Cost and Choice: An Inquiry in Economic Theory.

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Geoffrey Brennan (Author)

A Professor of Economics at the Australian National University, Brennan was a leading figure of Public Choice economics. Brennan has worked closely with and assessed Buchanan’s work.
Gordon Tullock (Author)

Tullock and Buchanan are recognized as co-founders of Public Choice economics. Tullock is known for his great contribution of influence on the modern political economy.
Frank H. Knight (Author)

An earlier contributor to public choice ideas, Knight influenced the economic theory of Buchanan.
Ronald H. Coase (Author)

Coase applies economic theory to legal cases involving public choice, while Buchanan analyzes the political spectrum with economic reasoning as a founder of public choice.
Knut Wicksell (Author)

An early influencer of Public Choice economics, Buchanan, among many other economists, drew from Wicksell’s work. Wicksell was one of the founders of modern macroeconomics.

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