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Titlebook: James Buchanan; David Reisman Book 2015 Palgrave Macmillan, a division of Macmillan Publishers Limited 2015 democracy.economic policy.econ

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Operational Rules,al democracy. Democracy, like exchange, is a discovery process that grinds out an acceptable image of the public good. Democratic politics scans the largest feasible constituency. It reconciles the separate, often conflicting, interests of the greatest possible number.
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Moral Anarchy,ss, race, and national hatred’ (AA, xi, 4, 5, 64), the ‘constitutional illiteracy’ (CW X, xv), the ‘burned-out buildings, broken windows, and widespread behavioral pollution’ (WSED, 268) of those troubled years nothing less than the recrudescence of the Hobbesian state of nature that had not gone away.
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Individuals and Agreements,r possible’ (BAM, 143). It is not proper or possible to tell Common Everyman what he thinks is ‘fair’, whether defence is a ‘public’ good or whether the market has ‘failed’. The gold standard is process. All that may legitimately be done is to design good procedures that allow humble Simple to speak his mind.
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