James Buchanan Honored

Don Boudreaux comments on 90 year old economist James M. Buchanan. Buchanan is a pioneer in the relatively new field of public choice theory. Public choice theory is one of the most insightful, effective and elementary critiques of socialist theory (although of course it was not conceived as a critique of socialism). Although I have read little of Dr. Buchanan himself, through scholars like Dr. Boudreaux I have become quite familiar with the theory. It has changed my view of the world and in particular politics.