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Cost and Choice

Author

Listed:
  • Buchanan, James M.

Abstract

"As he usually does, Professor Buchanan has produced an interesting and provocative piece of work. [ Cost and Choice ] starts off as an essay in the history of cost theory; the central ideas of the book are traced to Davenport and Knight in the United States, and to a series of distinguished writers associated at various times with the London School of Economics. The author emerges from this discussion with what can be described as the ultimate in subjectivist cost doctrines. . . . Economists should learn the lessons offered to us in this little book—and learn them well. It can save them from serious errors."—William J. Baumol, Journal of Economic Literature

Suggested Citation

  • Buchanan, James M., 1979. "Cost and Choice," University of Chicago Press Economics Books, University of Chicago Press, number 9780226078182, September.
    • Handle: RePEc:ucp:bkecon:9780226078182
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    Cited by:

    1. Joshua Matti & Yang Zhou, 2017. "The political economy of Brexit: explaining the vote," Applied Economics Letters, Taylor & Francis Journals, vol. 24(16), pages 1131-1134, September.
    2. Saul Estrin & Tomasz Mickiewicz & Anna Rebmann, 2017. "Prospect theory and the effects of bankruptcy laws on entrepreneurial aspirations," Small Business Economics, Springer, vol. 48(4), pages 977-997, April.
    3. Robert P. Murphy & William Barnett II & Walter E. Block, 2012. "Testing Austrian Business Cycle Theory? A Second Rejoinder To Andrew Young," Romanian Economic Business Review, Romanian-American University, vol. 7(3), pages 7-20, September.
    4. Joshua C. Hall, 2017. "A "Model" Model: McCloskey and the Craft of Economics," Working Papers 17-09, Department of Economics, West Virginia University.
    5. William Keech & Michael Munger, 2015. "The anatomy of government failure," Public Choice, Springer, vol. 164(1), pages 1-42, July.

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