Sunday, August 28, 2011

Buchanan: Collected Works, Buchanan and Tullock, The Calculus of Consent: Logical Foundations of Constitutional Democracy, Front Matter | Library of Economics and Liberty

Buchanan: Collected Works, Buchanan and Tullock, The Calculus of Consent: Logical Foundations of Constitutional Democracy, Front Matter | Library of Economics and Liberty: "Constitutional "choice" in the Calculus is unique in that such choice presupposes a type of generational uncertainty that prevents the decision maker from predicting how the choice will influence his or her welfare in the future. Thus, constitutional choice differs from ordinary political decision making in that it is devoid of direct self-interest."

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