Published on August 13, 2021 by Morgan Black  
Carden Art

Samford Professor of Economics Art Carden’s paper “James M. Buchanan’s Constrained Vision in Cost and Choice” was recently accepted for publication in the Journal of Private Enterprise, the journal of the Association of Private Enterprise Education. Every issue of the journal has open access and is available online.

The paper was originally part of a session Carden organized on the 50th anniversary of the publication of Cost and Choice by 1986 Nobel Laureate James M. Buchanan at the 2019 Southern Economic Association meeting. The final version of the paper was coauthored with three other scholars: M. Scott King (an incoming postdoctoral fellow at the University of Tennessee-Chattanooga), Audrey Redford (assistant professor of economics at Western Carolina University), and James Hanley (a political scientist in Adrian, Michigan).

A draft of the paper can be downloaded from the Social Science Research Network. The same group has another paper, “James M. Buchanan and the Public Choice Tradition,” forthcoming in a volume compiled by Argentina’s Fundacion Libertad and also available for download on the Social Science Research Network.

In addition, Carden's paper  "Going Far By Going Together: James M. Buchanan’s Economics of Shared Ethics” will appear in an upcoming issue of Business Ethics Quarterly and has already appeared on the journal’s website. In this paper, Carden teams up with George Mason University economics graduate students Gregory W. Caskey and Zachary Kessler to study a neglected aspect of 1986 Nobel laureate James M. Buchanan’s work: the relevance of his philosophical analysis for business ethics.

In 2020, Carden and Caskey worked with now retired Samford economist Jennings B. Marshall on “Ethical Maturity and Economic Progress: Adam Smith’s Lesson Still Applies” in the Journal of Markets and Morality. It, too, was published on the journal's website.

Samford is a leading Christian university offering undergraduate programs grounded in the liberal arts with an array of nationally recognized graduate and professional schools. Founded in 1841, Samford is the 87th-oldest institution of higher learning in the United States. Samford enrolls 5,791 students from 49 states, Puerto Rico and 16 countries in its 10 academic schools: arts, arts and sciences, business, divinity, education, health professions, law, nursing, pharmacy and public health. Samford fields 17 athletic teams that compete in the tradition-rich Southern Conference and ranks 6th nationally for its Graduation Success Rate among all NCAA Division I schools.