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Political economy and the science of association: A suggested reconstruction of public choice through the alliance of the Vienna, Virginia, and Bloomington schools of political economy

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  • Peter Boettke
  • Nicholas Snow

Abstract

We argue that in order to answer the challenges that James Buchanan put to contemporary political economists, a reconstruction of public choice theory building on the work of Buchanan, F.A. Hayek and Vincent Ostrom must take place. Absent such a reconstruction, and the significant challenges that Buchanan raised will continue to go unmet. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Peter Boettke & Nicholas Snow, 2014. "Political economy and the science of association: A suggested reconstruction of public choice through the alliance of the Vienna, Virginia, and Bloomington schools of political economy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(1), pages 97-110, March.
    • Handle: RePEc:kap:revaec:v:27:y:2014:i:1:p:97-110
    DOI: 10.1007/s11138-013-0239-3
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    References listed on IDEAS

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    1. Peter T. Leeson, 2007. "Trading with Bandits," Journal of Law and Economics, University of Chicago Press, vol. 50(2), pages 303-321.
    2. Meir Kohn, 2004. "Value and Exchange," Cato Journal, Cato Journal, Cato Institute, vol. 24(3), pages 303-339, Fall.
    3. Stigler, George J, 1992. "Law or Economics?," Journal of Law and Economics, University of Chicago Press, vol. 35(2), pages 455-468, October.
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    5. James Buchanan, 2005. "Afraid to be free: Dependency as desideratum," Public Choice, Springer, vol. 124(1), pages 19-31, July.
    6. Peter Boettke & Christopher Coyne & Peter Leeson, 2007. "Saving government failure theory from itself: recasting political economy from an Austrian perspective," Constitutional Political Economy, Springer, vol. 18(2), pages 127-143, June.
    7. David Simpson, 2013. "The Rediscovery of Classical Economics," Books, Edward Elgar Publishing, number 15080.
    8. James M. Buchanan, 1954. "Individual Choice in Voting and the Market," Journal of Political Economy, University of Chicago Press, vol. 62, pages 334-334.
    9. Boettke, Peter J & Lopez, Edward J, 2002. "Austrian Economics and Public Choice," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(2-3), pages 111-119, June.
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    Cited by:

    1. Peter Boettke & Jayme Lemke & Liya Palagashvili, 2015. "Polycentricity, Self-governance, and the Art & Science of Association," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(3), pages 311-335, September.
    2. Eduardo Angeli, 2018. "Caminhos da Escola Austríaca: relação com ortodoxia, engajamento e produção de novo conhecimento [Paths of the Austrian School: its relationship with orthodoxy, engagement and production of new knowle," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 28(2), pages 681-704, May-Augus.

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    More about this item

    Keywords

    Austrian economics; Constitutional political economy; Spontaneous order; B53; D70;
    All these keywords.

    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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