The Reason of Rules: Constitutional Political Economy (The Collected Works of James M. Buchanan)
by James M. Buchanan, Geoffrey Brennan
Buchanan and Brennan analyze how constitutional rules shape political economy and limit the exercise of discretionary power in democratic systems.
About This Book
This volume presents a systematic analysis of the rules that underpin constitutional order and collective decision-making.
James M. Buchanan and Geoffrey Brennan examine how institutional constraints influence political behavior and economic outcomes.
The work emphasizes the importance of pre-commitment to rules as a means of limiting discretionary power.
Readers will encounter arguments linking constitutional design with the stability of democratic governance.
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