James M. Buchanan | Fellows | Cato Institute
Buchanan and Tullock’s 1962book, The Calculus of Consent, aggressively questionedthis scenario: why do we assume that because a government acts, itnecessarily solves a given problem?
Don’t public as well as privateactors pursue their self-interest?
For his work in Public Choice economics, Buchanan received theNobel Prize in 1986
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