The book, written by J. M. Buchanan and G. Tullock (University of Michigan Press, 1962), deals with the analysis of political processes by the methods of economics. Useful insights have been developed by applying the decisionmaking logic of economic theory to a wide range of political questions. Although he is in general accord with the authors, this reviewer points out a few areas of disagreement.
This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.