{"product_id":"the-demand-and-supply-of-james-m-buchanan-9780865972223","title":"The Demand and Supply of Public Goods","description":"\u003cp\u003ePublic-goods theory constituted a major element in James M. Buchanan's research agenda throughout the 1960s. \u003cstrong\u003e\u003cem\u003eThe Demand and Supply of Public Goods\u003c\/em\u003e\u003c\/strong\u003e is a major part of that work.\u003c\/p\u003e \u003cp\u003eAt the time that Buchanan was elaborating on his theories of public goods, the prevailing trend in public economics was the emergence of public-expenditure theory, which attempted to form a comprehensive theory of the state around the notion of market failure.\u003c\/p\u003e \u003cp\u003e\u003cem\u003eThe Demand and Supply of Public Goods\u003c\/em\u003e established Buchanan's broad purpose of explicitly comparing market performance with political performance. As such, the book is an important part of Buchanan's contractarian theory of the \"productive state.\"\u003c\/p\u003e \u003cp\u003eConceived originally as a series of lectures given at Cambridge University in 1961 and 1962, \u003cem\u003eThe Demand and Supply of Public Goods\u003c\/em\u003e is written for students, but is in no way a textbook of dry pedagogy. Instead, as Geoffrey Brennan writes in the foreword, \"What Buchanan provides here is a clear statement of the contractarian approach to public goods problems, very much in the 'voluntary exchange' tradition of Wicksell and Lindhal.\"\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eJames M. Buchanan\u003c\/strong\u003e (1919-2013) was an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and was considered one of the greatest scholars of liberty in the twentieth century.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e James M. Buchanan\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0865972222\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780865972223\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Liberty Fund\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 10\/01\/1999\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 220\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.85lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.70d","brand":"James M. Buchanan","offers":[{"title":"Paperback","offer_id":44075445944575,"sku":"9780865972223","price":14.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_79bdc703-db6b-4909-a0e3-3b76738ce6b1.jpg?v=1685459469","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-demand-and-supply-of-james-m-buchanan-9780865972223","provider":"WR Book House","version":"1.0","type":"link"}