James Buchanan

Economics American 1919 – 2013 49 quotes

A Nobel laureate who founded public choice theory, applying economic analysis to political decision-making.

Quotes by James Buchanan

The market is a discovery procedure for human cooperation.

The Calculus of Consent 1962

Governments fear the light of economic scrutiny.

The Limits of Liberty 1975

In the end, we all face the ultimate scarcity: time.

Near-death reflection 2012

Rent-seeking destroys the wealth it seeks to capture.

Rent-Seeking Society 1980

Freedom's price is eternal vigilance against state expansion.

Postscript 1991

The joy of scholarship is in the questions unanswered.

Memoir excerpt 2000

Politicians are like economists: they predict the past perfectly.

Joke in lecture 1980

Constitutions endure when they reflect human nature's flaws.

The Limits of Liberty 1975

My life's work: showing that power corrupts absolutely, even in democracy.

Last interview 2013