Exchange, Search Theory, and Buchanan's Foundations of Politics

Brian C. Albrecht

Exploring the Political Economy and Social Philosophy of James M. Buchanan (Book Chapter) 2018

Abstract

This chapter connects James Buchanan's 'politics as exchange' framework with modern search theory. By modeling political interactions as search processes, we can formalize Buchanan's insights about the costs and benefits of political exchange.

Keywords

  • James Buchanan
  • public choice
  • search theory
  • political economy
  • exchange

Citation

Brian C. Albrecht (2018). "Exchange, Search Theory, and Buchanan's Foundations of Politics." Exploring the Political Economy and Social Philosophy of James M. Buchanan (Book Chapter).

BibTeX

@article{buchanan_exchange,
  title = {Exchange, Search Theory, and Buchanan's Foundations of Politics},
  author = {Brian C. Albrecht},
  year = {2018},
  journal = {Exploring the Political Economy and Social Philosophy of James M. Buchanan (Book Chapter)},
}