
This book presents twenty-six of the major papers of 1986 Nobel Laureate James M. Buchanan, who played a key role in the development of theoretical institutional economics and was awarded the Nobel Prize in economic science for his contributions to a theory of political economy...

More than any previous single book, this volume is a comprehensive overview of the work of James M. Buchanan, 1986 Nobel Laureate in economic science. The twenty-six contributions in it are particularly informative of Buchanan's work from the early 1950s to the mid-1980s.