Posts Tagged With: Buchanan

James M. Buchanan

James M. Buchanan HeadshotYesterday, our colleague and friend, James Buchanan (Nobel prize-winner: 1986, Economics) died at 93.

From a NY Times obit [that runs a full half page]:

[He] was a leading proponent of public choice theory, which assumes that politicians and government officials, like everyone else, are motivated by self-interest — getting re-elected or gaining more power — and do not necessarily act in the public interest… He argued that their actions could be analyzed, and even predicted, by applying the tools of economics to political science in ways that yield insights into the tendencies of governments to grow, increase spending, borrow money, run large deficits and let regulations proliferate. Continue reading

Categories: Announcement, Statistics | Tags:

Blog at