John Goodman on the late James Buchanan, public choice, and government failure

Goodman’s opening paragraph:

James Buchanan died the other day and in the eyes of many he was the father of Public Choice economics. Comments on a number of blogs reveal two things about bloggers on the left: (1) they don’t understand what contribution Buchanan made and (2) they don’t understand why Public Choice is important.

Read on, Lizzie.

P.S. Read Julie Gilstrap’s post on Buchanan on his passing.

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