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BUSN2080: TOPICS IN ECONOMICS LIST OF READINGS 2021 *You should prioritise the starred readings. The reading materials listed below are accessible in a range of different ways. These are indicated in [square brackets] below each resource citation. Items available via the Notre Dame Library are best accessed by the “Search Summon” function on the Library Homepage: http://library.nd.edu.au/home. Journal articles may be found directly by an effective search based on specifics. Alternatively, you can look up the journal in which the article is published, and then locate the article by volume and issue.

GENERAL READINGS Butler, E. (2012). Public Choice: A Primer. London: Institute of Economic Affairs.

Holcombe, R. G. (2016). Advanced Introduction to Public Choice. Cheltenham, UK: Edward Elgar. [Available via UNDA Library Course Reserve] Hindmoor, A., and Taylor, B. (2015). Rational Choice (2nd ed.). Red Globe Press. [Available via UNDA Library]

SEMINAR RELATED READINGS SEMINAR 1: INTRODUCTION TO PUBLIC CHOICE THEORY *Ekelund, R. B., and Hébert, R. F. (1990). ‘Chapter 24. The New Political Economy: Public Choice and Regulation.’ In A History of Economic Theory and Method (pp. 630-656). [Distributed in Class]. Mueller, D. (2012). ‘Public Choice: An Introduction.’ In C. Rowley and F. Schneider (Eds.), Encyclopaedia of Public Choice (pp. 32-48). New York: Kluwer.

Rowley, C. (2012). ‘Public Choice and Constitutional Political Economy’. In C. Rowley and F. Schneider (Eds.), Encyclopaedia of Public Choice (pp. 3-31). New York: Kluwer.

SEMINAR 2: THE CAMBRIDGE SCHOOL: MARKET FAILURE & GOVERNMENT FAILURE *Butler, E. (2012). ‘Who Needs Government?’ In Public Choice: A Primer (40-48). London: Institute of Economic Affairs.

Backhouse, R. E., and Medema, S. G. (2012). ‘Economists and the Analysis of Government Failure: Fallacies in the Chicago and Virginia Interpretations of Cambridge Welfare Economics.’ Cambridge Journal of Economics, 36, pp. 981-994.

[Available via UNDA Library] *Holcombe, R. G. (2016). ‘The Politics of Left and Right.’ Advanced Introduction to Public Choice (13-24). Cheltenham, UK: Edward Elgar.

*Munger, M. C. (2018, Sept. 12). ‘Arthur Pigou Warned of the Failures of Government.’ Daily Economy. American Institute for Economic Research. < https://www.aier.org/article/arthur-pigou-warned-of-the-failures-ofgovernment/> SEMINAR 3: T HE ITALIAN PRECURSORSI:NTRODUCING POLITICS AS EXCHANGE Buchanan, J. (1960). ‘“La scienza delle finanze”: The Italian Tradition in Fiscal Theory.” In J. M. Buchanan (Ed.), Fiscal Theory and Political Economy (pp. 24-74). Chapel Hill: The University of North Carolina. [Available from Lecturer on Request].

*Medema, S. G. (2005). ‘“Marginalizing” Government: From la scienza delle finanze to Wicksell.’ History of Political Economy, 37(1), pp. 1–25. [Available via Notre Dame Library] INTRODUCTORY SEMINAR 4: THE SWEDISH PRECURSORS: INTRODUCING POLITICS AS EXCHANGE Lindahl, E. ([1919] 1958). ‘Just Taxation—A Positive Solution.’ In In R. Musgrave and A. T. Peacock (Eds.), Classics in the Theory of Public Finance (pp. 168-176). New York: St. Martin’s Press. [Available from Lecturer on Request]. *Wicksell, K. ([1896] 1958). ‘A New Principle of Just Taxation.’ In R. Musgrave and A. T. Peacock (Eds.), Classics in the Theory of Public Finance (pp. 72-118). New York: St. Martin’s Press. [Available from Lecturer on Request].

INTRODUCTORY SEMINAR 5: THE VIRGINIA SCHOOL: THE BIRTH OF PUBLIC CHOICE THEORY *Boettke, P. J. (2012). ‘James M. Buchanan and the Rebirth of Political Economy’. In Living Economics: Today, Yesterday, and Tomorrow (pp. 262-282). The Independent Institute.

Buchanan, J. M. (2001). The Intellectual Portrait Series: A Conversation with James M. Buchanan. Indianapolis: Liberty Fund. Video Link (Parts 1 & 2):

Audio Only (Part 1): Audio Only (Part 2): *Butler, E. (2012). ‘Public Choice – The Biography.’ In Public Choice: A Primer (30-39). London: Institute of Economic Affairs.

INTRODUCTORY SEMINAR 6: THE VIRGINIA SCHOOL: CONSTITUTIONAL POLITICAL ECONOMY Buchanan, J. M. (1987). ‘The Constitution of Economic Policy’, American Economic Review, 77(3), pp. 243-250. [Available via Notre Dame Library]

Buchanan, J. M., and Tullock, G. (1962). The Calculus of Consent: Logical Foundations of Constitutional Democracy. In Robert D. Tollision (Ed.), The Collected Works of James M. Buchanan (Vol. III). Liberty Fund.

*Butler, E. (2012). ‘The Role of Constitutions.’ In Public Choice: A Primer (pp. 95-103). London: Institute of Economic Affairs.

*Hindmoor, A., and Taylor, B. (2015). ‘James M. Buchanan and Constitutional Political Economy.’ In Rational Choice (2nd ed.: 21-47). Palgrave. [Available via Notre Dame Library] INTRODUCTORY SEMINAR 7: THE VIRGINIA SCHOOL: RENT SEEKING Buchanan, J. M. (1980). ‘Rent-Seeking and Profit-Seeking.’ In J. M. Buchanan, R. D. Tollison, and G. Tullock (Eds.), Toward a Theory of the Rent-Seeking Society (pp. 3-15). College Station: Texas A&M University Press. [Available from Lecturer on Request] Holcombe, R. G. (2016). Advanced Introduction to Public Choice. Cheltenham, UK: Edward Elgar. [Available via UNDA Library Course Reserve] Chapters 8 & 11. *Tullock, G. (1967). ‘The Welfare Costs of Tariffs, Monopolies, and Theft.’ Western Economic Journal, 5(3), pp. 224-232.

Tullock, G. (1980). ‘Efficient Rent-Seeking.’ In J. Buchanan, R. Tollison, and G. Tullock (Eds.), Towards a Theory of the Rent-Seeking Society (pp. 97-112). College Station: Texas A&M University Press. [Available from Lecturer on Request] *Tullock, G. (2008). ‘Rent Seeking’. In Palgrave Macmillan (Eds.), The New Palgrave Dictionary of Economics. Palgrave Macmillan. [Available via UNDA Library]

INTRODUCTORY SEMINAR 8: THE CHICAGO SCHOOL: REGULATORY CAPTURE *Stigler, G. J. (1971). ‘The Theory of Economic Regulation’, The Bell Journal of Economics and Management Science, 2(1), pp. 3-21.

Mitchell, W. C. (1989). ‘Chicago Political Economy: A Public Choice Perspective.’ Public Choice, 63(3): 283-292.

[Available via UNDA Library] Peltzman, S. (forthcoming). ‘Stigler’s Theory of Economic Regulation After Fifty Years.’ Public Choice.

INTRODUCTORY SEMINAR 9: THE BENTLEY-SCHATTSCHNEIDER TRADITION: INTRODUCING PRESSURE GROUPS *Butler, E. (2012). ‘The Tyranny of the Minorities.’ In In Public Choice: A Primer (pp. 58-65). London: Institute of Economic Affairs.

*Lemann, N. (August 4, 2008). ‘Conflict of Interests.’ The New Yorker.

Moore, G. (2015). ‘Douglas Irwin on Peddling Protectionism: A Review Essay.’ History of Economics Review, 62(1): 38-57. [Available via UNDA Library]

INTRODUCTORY SEMINAR 10: THE MARYLAND SCHOOL: "ECONOMIC" ANALYSIS OF PRESSURE GROUPS Hindmoor, A., and Taylor, B. (2015). ‘Mancur Olson and the Logic of Collective Action’. In Rational Choice (2nd ed.; pp. 139-164). Palgrave. [Available via UNDA Library]. *McLean, I. (2000). ‘Review Article: The Divided Legacy of Mancur Olson.’ British Journal of Political Science, 30(4), 651-668. [Available via UNDA Library] *Olsen, M. (1965). ‘A Theory of Groups and Organizations.’ In The Logic of Collective Action. Cambridge Mass: Harvard University Press.

INTRODUCTORY SEMINAR 11: THE SIZE OF THE STATE AND THE NISKANEN MODEL *Holcombe, R. G. (2016). ‘Bureaucracy.’ In Advanced Introduction to Public Choice (8593). Cheltenham, UK: Edward Elgar.

INTRODUCTORY SEMINAR 12: THE GOLDEN AGE OF THE ECONOMICS OF BUREAUCRACY *Wu, M., and Moore, G. (Draft). ‘Rhetoric during the Golden Age of the Economics of Bureaucracy.’ [Available via Blackboard]

INTRODUCTORY SEMINAR 13: EXPRESSIVE VOTING Brennan, G., and Hamlin, A. (1998). ‘Expressive Voting and Electoral Equilibrium.’ Public Choice, 95: 149-175. *Holcombe, R. G. (2016). Advanced Introduction to Public Choice Theory. Edward Elgar. Chapter 6.

INTRODUCTORY SEMINAR 17: THE AUSTRIAN SCHOOL – AN ALLY OF PUBLIC CHOICE THEORY Boettke, P. J., and Lopez, E. J. (2002). ‘Austrian Economics and Public Choice.’ The Review of Austrian Economics, 15(2-3): 111-119. [https://link-springer-com.ipacez.nd.edu.au/article/10.1023/A%3A1015783818167].

*Holcombe, R. G. (2015). 'Public Choice and Austrian Economics.' In P. J. Boettke and C. J. Coyne (Eds.), The Oxford Handbook of Austrian Economics (491-507). Oxford University Press. [Available from Lecturer upon request.] Rowley, C. K. (1994). ‘Public Choice Economics.’ In P. J. Boettke (Ed.), The Elgar Companion to Austrian Economics (285-292). Edward Elgar. [Available from Lecturer on request.]...