Today Jim Buchanan celebrates his 90th birthday. Happy birthday Jim!
Winner of the 1986 Nobel Prize in Economics, Jim — professor emeritus at George Mason University — is not just an economist. He’s a deep political philosopher. A pioneer in public-choice economics, no scholar in history has done as much as has Jim to provide us with a conceptual framework enabling us to see clearly the logic of politics as it is connected with the logic of markets.
To celebrate Jim’s achievements, I will, for the next several days, post some of my favorite quotations from his voluminous writings.