•  20
    Solving Social Dilemmas develops a new explanation for the rise of prosperous commercial societies. The book argues that an endless series of social, economic, and political dilemmas have to be solved or ameliorated to sustain social and economic progress and suggests that the most plausible solutions involve internalized rules of conduct. Previous texts suggest that formal institutions often emerge to address social dilemmas, but the book focuses on a solution that is arguably prior to formal i…Read more
  •  16
    James Buchanan wrote many short pieces on human nature and on the weaknesses of the rational choice model used by mainstream economics. Although he normally used such models in his own work, he recognized that their usefulness was limited to only a subset of choice settings. This chapter provides the rule-based model of choice that Buchanan may have had in the back of his mind when writing his critiques. It is not an effort at mind reading, but rather develops a model of rule-bound but not rule-…Read more
  •  29
    This book explains why contemporary liberal democracies are based on historical templates rather than revolutionary reforms; why the transition in Europe occurred during a relatively short period in the nineteenth century; why politically and economically powerful men and women voluntarily supported such reforms; how interests, ideas, and pre-existing institutions affected the reforms adopted; and why the countries that liberalized their political systems also produced the Industrial Revolution.…Read more
  •  42
    In his treatise, The Constitution of Liberty (1960), F. A. Hayek emphasized the central role of the generality principle, as embodied in the rule of law, for the maintenance of a free society. This book extends Hayek's argument by applying the generality principle to politics. Several important policy implications emerge. There are no direct implications to suggest how much governments should do. The argument suggests strongly however, that, whatever is done politically, must be done generally r…Read more