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An Albertian View of Buchanan’s Contractarianism

Author

Listed:
  • Geoffrey Brennan

    (Justus Liebig Universitat Giessen
    Australian National University)

  • Hartmut Kliemt

    (Justus Liebig Universitat Giessen)

Abstract

This paper in honor of Hans Albert ‘@100’ seeks to show how adhering to critical rationalist ‘economic philosophy’ avoids contradictions in James Buchanan’s contractarianism: restricting constitutional economic advice to what serves the ends of all potential addressees simultaneously Buchanan not only blurs the borderline between value-neutral economic philosophy and substantive moral philosophy but also contradicts his thesis of the “necessary relativism and individualism of values”. Translating ‘means-ends’-relations into technological ‘cause-effect’-relations, Albert can treat technological blueprints as nomological hypotheses subject to scientific test and corroboration while leaving their practical implementation to citizens whose contingent particular ends may or may not be universalistic.

Suggested Citation

  • Geoffrey Brennan & Hartmut Kliemt, 2022. "An Albertian View of Buchanan’s Contractarianism," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 39(1), pages 69-82, October.
    • Handle: RePEc:spr:homoec:v:39:y:2022:i:1:d:10.1007_s41412-022-00127-6
    DOI: 10.1007/s41412-022-00127-6
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    References listed on IDEAS

    as
    1. Leonard,Robert, 2010. "Von Neumann, Morgenstern, and the Creation of Game Theory," Cambridge Books, Cambridge University Press, number 9780521562669.
    2. Hans Albert, 2006. "Die ökonomische Tradition und die Verfassung der Wissenschaft," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(s1), pages 113-131, May.
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