Legacy of Friedrich von Hayek DVD, Volume 7

"Morality and Community in the Extended Market Order" is volume seven of a series of seven lectures sponsored by Liberty Fund and the Committee on Social Thought at the University of Chicago in celebration of the hundredth anniversary of F. A. Hayek's birth.
Buchanan is a pioneer of the theory of public choice, extending models of economic exchange to the realm of political decision-making. Buchanan's work on the constitutional and contractual bases of collective political action has contributed new insights into the relationships between taxation, public expenditure, and public finance.