The Collected Works of James M. Buchanan, vol. 8 (Democracy in Deficit: The Political Legacy of Lord Keynes)

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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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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.

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