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James M. Buchanan, Democracy in Deficit: The Political Legacy of Lord Keynes [1977]

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The Collected Works of James M. Buchanan, Foreword by Robert D. Tollison, 20 vols. (Indianapolis: Liberty Fund, 1999-2002). Vol. 8 Democracy in Deficit: The Political Legacy of Lord Keynes.

Part of: The Collected Works of James M. Buchanan in 20 vols.

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Vol. 8 of The Collected Works. Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. The book serves to bolster Buchanan’s central beliefs in the necessity of a balanced-budget amendment to the U.S. Constitution and in monetary rules rather than central bank discretion. The book is co-authored with Richard Wagner.

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About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.