{"title":"James M. Buchanan's Constrained Vision in Cost and Choice","authors":"Art Carden, M. King, A. Redford, J. Hanley","doi":"10.2139/ssrn.3723111","DOIUrl":null,"url":null,"abstract":"James M. Buchanan’s 1969 book Cost and Choice speaks directly to the socialist calculation debate from the perspective of the “London Tradition” in the theory of cost. More than this, however, it places Buchanan alongside Adam Smith, Friedrich Hayek, and Milton Friedman as an exemplar of what Thomas Sowell called “the constrained vision” in his 1987 [2007] book A Conflict of Visions. This essay explores Buchanan’s radical subjectivism in Cost and Choice, why it aligns him with Sowell’s “constrained vision,” and what this implies about Buchanan’s place within political theory generally. His radically subjectivist analysis of cost underlies his constitutional liberalism, and it obviates a more activist, interventionist political agenda.","PeriodicalId":237187,"journal":{"name":"ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic)","volume":"92 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3723111","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
James M. Buchanan’s 1969 book Cost and Choice speaks directly to the socialist calculation debate from the perspective of the “London Tradition” in the theory of cost. More than this, however, it places Buchanan alongside Adam Smith, Friedrich Hayek, and Milton Friedman as an exemplar of what Thomas Sowell called “the constrained vision” in his 1987 [2007] book A Conflict of Visions. This essay explores Buchanan’s radical subjectivism in Cost and Choice, why it aligns him with Sowell’s “constrained vision,” and what this implies about Buchanan’s place within political theory generally. His radically subjectivist analysis of cost underlies his constitutional liberalism, and it obviates a more activist, interventionist political agenda.
James M. Buchanan在1969年出版的《成本与选择》一书中，从成本理论中的“伦敦传统”的角度，直接谈到了社会主义计算辩论。不仅如此，它还将布坎南与亚当·斯密、弗里德里希·哈耶克和米尔顿·弗里德曼并列，成为托马斯·索威尔在其1987年[2007年]出版的《愿景的冲突》一书中所称的“受约束的愿景”的典范。本文探讨了布坎南在《成本与选择》中的激进主观主义，为什么他与索厄尔的“受约束的视野”保持一致，以及这意味着布坎南在政治理论中的地位。他对成本的极端主观主义分析奠定了他的宪政自由主义的基础，并避免了一个更激进的、干预主义的政治议程。
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