Search Results for "james buchanan"

Leland B. Yeager: 1924-2018



Leland Yeager, who was a valuable member of the scholarly community, passed away April 23 at the age of 93.

Tax Reform Is a Scam: Tell Us What We Really Pay!



In another post, Randall Holcombe rightly notes the pressing need for tax reform. Holcombe argues that Trump’s proposed tax reform is “an improvement over the current system.” That may be true; time will tell. Yet, today my news feed reports nonchalantly that the Republican Congress passed a budget in excess of $4 trillion. That...
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Public Choice Analysis a Scheme for Imposing Racist Oligarchy on the USA? Preposterous!



Public choice analysis shows, among many other things, that organized political interests will tend to dominate the political process at the expense of the unorganized members of society. This is not a claim that “the rich” will necessarily dominate “the poor” in the political process, although the rich obviously have an advantage in influencing...
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The Funding Fallacy



People on both the right and the left routinely commit the funding fallacy when they assess research and writing. This fallacy is a variant of the hoary rule, Follow the money. The idea is that if an institution or person funded an analyst’s work directly or indirectly, that analyst was ipso facto a hired...
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Politics without Romance? Yes and No



James Buchanan, a pioneer in the development of public choice, viewed his approach to the study of government and politics as the analysis of “politics without romance.” But Jim couldn’t really live without the romance, and no sooner had he expelled it out the front door than he let it in the back door,...
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Identity Politics, Public Choice, and Ideology



Identity politics is hardly a new development. In one form or another, it has been around for millennia. But beginning in the 1960s in the United States of America, identity politics began to take on greater importance in the marshaling of support for political candidates and policies. The civil rights movement represented a revolt...
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William Easterly and the Pitfalls of Foreign Intervention



In one of my recent blog posts, I discussed the work of NYU economist William Easterly. In particular, I noted how his work on the pitfalls of modern economic development planning bear a striking resemblance to the work and ideas of F. A. Hayek and James M. Buchanan. Easterly makes a distinction between “planners”...
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What Trump’s Taxes Really Tell Us about Politicians



A few days ago, it was revealed that in 1995 Donald Trump declared a $916 million loss on his tax returns. According to The New York Times, Trump’s losses under the U.S. tax code would have allowed him to write off or avoid paying any federal income tax for a period of 18 years....
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A Sandy Beach and Constitutional Political Economy



I normally walk my dogs twice each day along the beach, which gives me an opportunity to ponder, among other things, issues in constitutional political economy. My late friend James Buchanan, one of the deepest thinkers in political economy during the past century, led the development of this field of study in his time....
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Voting Reform: Putting Lipstick on the Collective Pig Is a Dumb Idea



In 2010, California voters approved a “top-two” primary system for congressional and statewide elected positions where primary voters choose among all candidates in all parties for each position. The top two vote getters in the primary, regardless of party affiliation, move on to the general election to face each other. The argument at the...
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