Tuesday, July 11, 2017

What James Buchanan Told Me....


Image result for james m. buchanan

... and everyone else in class.

     I took two classes with James M. Buchanan.   The first was in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 late seventies at Virginia Tech and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 second in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 early eighties at George Mason.    He was also a member of my dissertation committee.

     Anyway, in class he explained that when he was in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Navy in WW2, he learned to follow instructions completely.   After cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 war, when he was at Chicago, he was given a complete bibliography of Public Finance and he took it to be cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 class reading list, and so he read it all.  (Well, maybe he didn't say he finished it all, but he was working at it when cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 instructor explained that it wasn't intended to be cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 reading list for his course.)

     Included on that list was a work by Knut Wicksell.   Wicksell is a quite famous monetary economist, but he also wrote a book on public finance.   Buchanan was especially taken by Wicksell's "A New Theory of Just Taxation."   He told us that his contributions to Public Choice were little more than an elaboration of Wicksell's approach.

      I think he was being more than a bit too modest, but he didn't mention John C. Calhoun or cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Soucá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365rn Agrarians as inspirations.   Looking at his early publications, sure enough, soon after graduate school in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 late forties and early fifties  he appeared to be applying cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Wicksellian insights.

     The Thomas Jefferson Center for Studies in Political Economy started in 1957.    Here is Buchanan's contemporary description of what it was about.

    Nothing cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re about protecting states' rights or cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 desirability of segregation.   I find it hard to see anything "between cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 lines."   There is just an express support for individual liberty and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 free enterprise system.

     Nancy MacLean's Democracy in Chains is not consistent with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 James Buchanan I met in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 late seventies and I have seen nothing that suggests that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 early Buchanan was much different.

   
   

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