Cost and Choice: An Inquiry in Economic Theory
While relatively short, Cost and Choice, according to Hartmut Kliemt in the foreword, holds quite a central place in Buchanan's work. For the fundamental economic notion of 'cost', or 'opportunity cost', is intimately related to the individualist and subjectivist perspective that is so essential to the Buchanan enterprise. To be sure, the Austrian School of economists enunciated similar views of cost decades before Buchanan, but Buchanan advances his theories by attempting to integrate his views into the orthodox classical and neoclassical framework. When he published the book in 1969, Buchanan hoped that other scholars would follow him in re…
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Produktdetails
- ISBN: 978-0-86597-223-0
- EAN: 9780865972230
- Produktnummer: 6879970
- Verlag: Liberty Fund Inc
- Sprache: Englisch
- Erscheinungsjahr: 1999
- Seitenangabe: 96 S.
- Masse: H23.6 cm x B15.7 cm x D1.5 cm 476 g
- Auflage: Volume 6
- Reihenbandnummer: 06
- Gewicht: 476
- Sonstiges: Ab 18 - 10 J.
Über den Autor
James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and one of the greatest scholars of liberty in the twentieth century.
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