The hallmarks of the particular public choice theory which characterizes the Virginia School are a profound scepticism concerning the role of government, and a systematic preference for market over non-market decision-making. Interest in public choice theory has recently culminated in the award of the 1986 Nobel Prize for economics to James M. Buchanan, himself a member of the Virginia School. Gordon Tullock, co-founder with Buchanan of the Virginia School, is honored in this wide-ranging collection, which provides a magisterial statement of the subject's aims and approach. Subjects addressed include methodology, voting paradoxes, interest groups, rent-seeking, the law and institutions. Each of the contributors has written an original essay and the collection as a whole will advance the cause of public choice theory. 3rd year undergraduate and postgraduate students of public choice, political science, economics, and politics.
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