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_d2971
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008 220701b ||||| |||| 00| 0 eng d
020 _a9781108428972
082 _a330.15
_bLEV
100 _aLevy, David M.
_97228
245 _aTowards an economics of natural equals: a documentary history of the early Virginia school
260 _bCambridge University Press
_aNew York
_c2020
300 _axvi, 291 p.
365 _aGBP
_b85.00
504 _aTable of Contents 1. Why the Virginia School of Political Economy matters 2. James Buchanan and the return to an economics of natural equals 3. 'Almost wholly negative': an early reaction to the Virginia School 4. 'The economics of Universal Education' and after: from Friedman to Rawls 5. Virginia political economy and public choice economics 6. The individuals and their connections 7. The role of the Earhart Foundation in the Early Virginia School 8. The early Virginia School and the anti-democratic right 9. Neoliberalism, the Virginia School, and the Geldard Report 10. Conclusion: should the Virginia School be restored?
520 _aThe Virginia School's economics of natural equals makes consent critical for policy. Democracy is understood as government by discussion, not majority rule. The claim of efficiency unsupported by consent, as common in orthodox economics, appeals to social hierarchy. Politics becomes an act of exchange among equals where the economist is only entitled to offer advice to citizens, not to dictators. The foundation of natural equality and consent explains the common themes of James Buchanan and John Rawls as well as Ronald Coase and the Fabian socialists. What orthodox economics treats as efficient racial discrimination violates the fair chance entitlement to which people consent in a market economy. The importance of replication stressed by Gordon Tullock, developing themes from Karl Popper, is another expression of natural equality since the foresight of replication induces care into research. The publication of previously unpublished correspondence and documentation allows the reader to judge recent controversy.
650 _aSocial choice
_97229
650 _aPolitical and social views
_97230
700 _aPeart, Sandra J.
_97231
942 _2ddc
_cBK