Introduction.- Capitalism, Socialism and Democracy in the Twenty-First Century.- The Social Contract circa 2004.- Constitutional Economics in the European Union.- Terrorism.- On the Growth of Government Growth in the New Millennium.- Nineteenth Century Voting Procedures in a Twenty-First Century World.- Campaign Finance.- Recalls and Voter Initiatives.- Corporate Governance.- School Choice.- Tort Reform.- Whither Public Choice? Some Final Thoughts.
Contains all articles from an upcoming issue of the journal Public Choice along with additional commentary from Shughart and Tollison, each of whom is an editor of the journal
Includes articles by the the most important scholars working in the field, including Nobel Prize winner James Buchanan
Public choice (referred to as "rational choice" by political scientists) is a hot topic among political conservatives
In Policy Challenges and Political Responses, leading public choice scholars confront the most significant problems facing democratic societies at the dawn of the 21st century. Ranging widely across the policy spectrum, this authoritative volume demonstrates the vibrancy and continuing relevance of the public choice research program by applying its ideas and methods to constitution-making in the European Union, terrorism, the growth of government, political campaign finance, vote-counting technologies, participatory democracy, corporate governance, school choice, and tort reform. Essays assessing the present state of the social contract and the enduring tensions between capitalism, socialism, and democracy broaden the book's perspective.
The distinguished list of contributors includes James Buchanan, Charles Rowley, Dennis Mueller, Todd Sandler, Randall Holcombe, Michael Munger, Thomas Stratmann, Harold Mulherin, Lawrence Kenny, and Paul Rubin. Edited by two of the editors of the journal Public Choice and as fresh as today's headlines, this volume positions the public choice literature in the context of current events and points its research agenda in new directions. It is a unique and indispensable collection of value to economists, political scientists, political philosophers, and public policymakers.
Public choice in the new century.- Afraid to be free: Dependency as desideratum.- Fragmenting parchment and the winds of war: The Constitution of the United States, 1860-2004.- Constitutional political economy in the European Union.- Collective versus unilateral responses to terrorism.- Government growth in the twenty-first century.- Nineteenth-century voting procedures in a twenty-first century world.- Some talk: Money in politics. A (partial) review of the literature.- The eclipse of legislatures: Direct democracy in the 21st century.- Corporations, collective action and corporate governance: One size does not fit all.- The public choice of educational choice.- Public choice and tort reform.- The unfinished business of public choice.