Posts tagged “public choice”

Toward An Authentic Santa Clara Valley

The Libertarian Party (US): a political party in the United States that promotes civil liberties, non-interventionism, laissez-faire capitalism, and limiting the size and scope of government. The party was conceived in August 1971 at meetings in the home of David F. Nolan in Westminster, Colorado, and was officially formed on December 11, 1971, in Colorado Springs, Colorado. The organizers of the party drew inspiration from the works and […]

Recalculating Consent

[ Fred E. Foldvary, Dept. of Economics, Santa Clara University, and School of Management John F. Kennedy University, California. Bradley Fellow, Center for Study of Public Choice, 1989-91. ] In the Calculus of Consent: Logical Foundations of Constitutional Democracy, James Buchanan and Gordon Tullock analyzed “the calculus of the rational individual when he is faced with questions […]