Wednesday, January 9, 2013

James Buchanan has passed away




I'll write more on him later potentially.

He got a lot right, with public choice and constitutional economics. He also got a lot quite wrong, particularly his take on the political economy of the Keynesian revolution. But he certainly was a talented and productive economsit well deserving of his Nobel prize.

8 comments:

  1. While death is no laughing matter, can you please give us a link giving official word of his passing, Daniel Kuehn?

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    Replies
    1. See below for one link.

      Who is laughing???

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    2. I was being figurative. I wasn't sure if Buchanan's passing was true because you didn't supply a link to a newspaper obituary or something.

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  2. http://www.bloomberg.com/news/2013-01-09/james-m-buchanan-nobel-prize-winning-economist-dies-at-93.html

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  3. "James Buchanan no longer the most overrated living economist." - Matthew Yglesias (Kuehn's hero)

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  4. Buchanan was an important figure in my intellectual development. I remember how I studied his Cost and Choice when it first came out during my senior year in college. I was so overjoyed that an economist of his stature in the profession would see merit in LSE-Austrian subjectivism. As the years went, I becaome very interested in the political philosophy of David Hume and the role of rules in society. Buchanan led the way here. I will miss him.

    Mario Rizzo.

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  5. General principle that to get a lot of things right you have to get a lot of things wrong...reassuring for any writer!

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