"Unlike Kenneth J. Arrow or Robert M. Solow, Buchanan is not a puzzle solver, but rather a system builder, someone who has come up with a whole new paradigm, an innovative way of looking at the world in general and at politics or collective choice in particular (see Horn, 2009, pp. 85–90.) As mentioned, the roots of this are to be found largely in his personal background and his experience and cultural inheritance as a Southerner. From the outset, what interested him more than anything else was how it is possible for people to live in society without infringing on each other’s rights."
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Nobel laureates from the United StatesLibertarians from the United StatesEconomists from the United StatesNobel laureates in EconomicsPeople from Tennessee
Original Language: English
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Sources
Karen Horn, "James M. Buchanan – Doing away with discrimination and domination", Journal of Economic Behavior & Organization 80 (2011)
https://en.wikiquote.org/wiki/James_M._Buchanan
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James M. Buchanan
James McGill Buchanan, Jr. (3 October 1919 – 9 January 2013) was an American economist known for his work on public choice theory, who was awarded the 1986 Nobel Prize in Economics.
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