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