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...

Virginia Political Economy (VPE), one of the main branches of Public Choice, is often if not always associated with the names of a few scholars, the leaders of a school in economics. It is particularly significant that these scholars never worked alone. At the University of Virginia, where it...