Quote of the day
There are no countries in the world less known by the British than these selfsame British Islands, or where more strange things are every day occurring.
James M. Buchanan
Born: October 3, 1919
Died: January 9, 2013 (aged 93)
Bio: James McGill Buchanan, Jr. was an American economist known for his work on public choice theory, for which he received the Nobel Memorial Prize in 1986.
Known for:
- The Calculus of Consent
- Democracy in Deficit
- The demand and supply of public goods
- What should economists do?