Better than Plowing and Other Personal Essays

by James M. Buchanan

"The simple exchange of apples and oranges between two traders—this institutional model is the starting point for all that I have done," writes Buchanan. "Contrast this with the choice between apples and oranges in the utility-maximizing calculus of Robinson Crusoe. [This is] what most economists do."

James M. Buchanan has always seemed an outsider—to establishment America, to the political values of modern academia, and to the orthodoxies of his parent discipline. Yet in addition to earning the Nobel Memorial Prize in Economics in 1986, he is recognized as the theoretical inspiration for much of the Reagan era's economic philosophy, the father of public choice theory, and a powerful exponent of libertarian ideals.

Bluntly honest and always engaging, these twelve autobiographical essays recount and clarify the major influences on the unusual intellectual career of one of our most gifted and insightful thinkers. And his career has been unusual, for there have been few Nobel Laureates who have emerged from the genteel poverty of the rural South and fewer still who hoe their own cabbages. Equally down-to-earth, Buchanan's personal essays provide a unique perspective on how tradition, family, chance, and scholarship came together to shape his career.

194 pages, Hardcover

First published August 15, 1992

About the author

American economist known for his work on public choice theory, for which in 1986 he received the Nobel Memorial Prize. Buchanan's work initiated research on how politicians' self-interest and non-economic forces affect government economic policy. He was a Member of the Board of Advisors of The Independent Institute, a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason University.
Buchanan was the founder of a new Virginia school of political economy. He taught at the University of Virginia—where he founded the Thomas Jefferson Center for the Protection of Free Expression—UCLA, Florida State University, the University of Tennessee, and the Virginia Polytechnic Institute, where he founded the Center for the Study of Public Choice (CSPC). In 1983 a conflict with Economics Department head Daniel M. Orr came to a head and Buchanan took the CSPC to its new home at George Mason University. In 1988 Buchanan returned to Hawaii for the first time since the War and gave a series of lectures later published by the University Press. In 2001 Buchanan received an honorary doctoral degree from Universidad Francisco Marroquín, in Guatemala City, Guatemala, for his contribution to economics.

Reviews

[Samrudha Surana · Rating 5 out of 5]

1. All I need is more of an application of the ass to the chair.
2. If Jim Buchanan can win a Nobel, anyone can. Sounds a little bit like the epilogue to Ratatouille.