An Economic Theory of Clubs Author(s): James M. Buchanan Source: Economica, Feb., 1965, New Series, Vol. 32, No. 125 (Feb., 1965), pp. 1-14 Published by: Wiley on behalf of London School of Economics and Political Science and The Suntory and Toyota International Centres for Economics and Related Disciplines Stable URL: https://www.jstor.org/stable/2552442