Quote of the day
One does not need buildings, money, power, or status to practice the Art of Peace. Heaven is right where you are standing, and that is the place to train.
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?