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Happy Birthday, James M. Buchanan

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Today Jim Buchanan [2] 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 [3], 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.