|||Meadowcroft does a nice job of summarizing Buchanan's published work, dividing Buchanan's ideas logically rather than chronologically and showing how his ideas relate to each other... Meadowcroft's taxonomy of Buchanan's ideas is not the only possible one, bu
James McGill Buchanan (1919 - 2013) was an American economist best known as a pioneer of public choice theory. A founder of the new Virginia school of political economy, he made extensive contributions to the theory of public finance, constitutional economics, rent-seeking, and the economic analysis of politics. Buchanan's work offered a scientific basis for conservative and libertarian political endeavors such as a constitutional amendment to balance the federal budget...
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