Monday, June 26, 2017

New Academic Book Calls Nobel Prize Winning Economist James Buchanan The Architect of the Radical Right

The liberal establishment has a new enemy in which to blame the hostility towards government , economist James Buchanan : the man who won the Nobel Prize in economics in 1986. Duke historian Nancy MacLean has a new book out :
what sets Democracy in Chains apart is that it begins in the South, and emphasizes a genuinely original and very influential political thinker, the economist James M. Buchanan. He is not so well remembered today as his fellow Nobel laureates Friedrich Hayek and Milton Friedman. Yet as MacLean convincingly shows, his effect on our politics is at least as great, in part because of the evangelical fervor he brought to spreading his ideas.
You probably aren't going to get tenure in Duke's history department if think like the late James Buchanan.... Here's a link to the book. No word yet on when anyone in Duke's history department ever called Comrade Bernie Sanders a radical.