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1、IndividualChoiceinVotingandtheMarketAuthor(s):JamesM.BuchananReviewedwork(s):Source:JournalofPoliticalEconomy,Vol.62,No.4(Aug.,1954),pp.334-343Publishedby:TheUniversityofChicagoPressStableURL:http://www.jstor.org/stable/1827235.Accessed:03/02/201220:05YouruseoftheJSTORarchiveindi
2、catesyouracceptanceoftheTerms&ConditionsofUse,availableat.http://www.jstor.org/page/info/about/policies/terms.jspJSTORisanot-for-profitservicethathelpsscholars,researchers,andstudentsdiscover,use,andbuilduponawiderangeofcontentinatrusteddigitalarchive.Weuseinformationtechnologyan
3、dtoolstoincreaseproductivityandfacilitatenewformsofscholarship.FormoreinformationaboutJSTOR,pleasecontactsupport@jstor.org.TheUniversityofChicagoPressiscollaboratingwithJSTORtodigitize,preserveandextendaccesstoJournalofPoliticalEconomy.http://www.jstor.orgINDIVIDUALCHOICEINVOTING
4、ANDTHEMARKET'JAMESM.BUCHANANFloridaStateUniversityTTIISpaperwillcompareindividualmaking.Collectivechoiceimpliescen-choiceinthepoliticalvotingproc-tralizedchoice,whatevertheprocessofessandinthemarketprocess,withchoosing;hencethemarkethasbeenbothconsideredasidealtypes.Asub-compared
5、withthewholesubsetofpolit-stantialportionoftheanalysiswillbeicalchoiceprocessesrangingfrompureintuitivelyfamiliartoallsocialscien-democracytoauthoritariandictator-tists,sinceitservesasabasisforalargeship.partofpoliticaltheory,ontheonehand,Thispaperwillcomparetheindividualandecono
6、mictheory,ontheother.Per-choicesinvolvedinthepricesystemandhapsasaresultofdisciplinaryspecializa-inasingleformofcentralizeddecision-tion,however,thesimilaritiesandthemaking-puredemocracy.Theindividu-differencesbetweenthesetwomethodsalactofparticipationinthechoiceproc-ofindividual
7、decision-makinginliberalesswillbethepointofreference.Thesocietyareoftenoverlooked.Thestatecomparisondoesnot,ofcourse,implyofthingsisillustratedintheprosaicthatthesetwoprocesseswillbepresented"one-dollar-one-vote"analogy,whichis,asgenuinealternativestotheindivid-atbest,onlypartial
8、lyappropriateandual,evenintheirsomewhatl
