Quote of the day
Outside of a dog, a book is a man's best friend. Inside of a dog, it's too dark to read.
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?