Most liberal constitutional theorizing, as exemplified by Buchanan (1975) and Rawls (1971), treats societies as closed systems of human interaction. This treatment is carried forward by emphasizing the similarity between choosing constitutional rules and choosing the rules for playing a parlor...

This paper explores James Buchanan's contributions to monetary economics and argues these contributions form the foundation of a robust monetary economics paradigm. While often not recognized for his contributions to monetary economics, Buchanan's scholarship offers important insights for...

Violent conflict destroy resources. It generates "destruction costs." These costs have an important effect on individual's decisions to cooperate or conflict. We develop two models of conflict: one in which conflict's destruction costs are independent of individuals' investment in "arms" - the...