Theory of Public Choice

The Theory of Public Choice is a landmark volume that brings together key essays and articles charting the rapid evolution of public choice theory during its most formative decade. Edited by James M. Buchanan and Robert D. Tollison—leading figures in the “Virginian School” of political economy—this collection synthesizes the major advances of public choice as it applies the tools of economic analysis to the workings of democratic and political institutions. The volume begins with overviews of the field’s development, highlighting public choice’s foundational challenge to “romantic” notions of government and its turn toward a more realistic, empirical understanding of collective decision-making. Renowned contributors—including Buchanan, Dennis Mueller, Gordon Tullock, and many others—explore subjects from voting theory and constitutional economics to rent-seeking, bureaucracy, and the political economy of welfare and regulation. Organized into topical sections covering theoretical advances, applications, empirical studies, and philosophical issues, The Theory of Public Choice illuminates how economics, political science, and policy analysis intersect. Whether addressing topics like political resource allocation, the logic of majority rule, or the emergence of tax and spending limitations, these essays demonstrate how public choice theory has reshaped the way scholars, policymakers, and citizens think about government. Accessible yet rigorous, this collection is essential for anyone seeking insight into the mechanisms of collective action, constitutional design, and the ongoing challenge of ensuring accountability and efficiency in public institutions. It stands as a vital resource for students and scholars in economics, political science, public policy, and related fields.