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Economics and Beyond

In: The Political Economy of James Buchanan

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  • David Reisman

Abstract

James Buchanan, reflecting on the substance of his own self-image as it was when in 1986 he was awarded the Nobel Prize in Economics, was capable of making a declaration which in other circumstances could all too easily have caused him to be ostracised as an eccentric and ridiculed as a crank: I am not, and have never been, an ‘economist’ in any narrowly-defined meaning. My interest in understanding how the economic interaction process works has always been instrumental to the more inclusive purpose of understanding how we can learn to live one with another without engaging in Hobbesian war and without subjecting ourselves to the dictates of the state. The ‘wealth of nations’, as such, has never commanded my attention save as a valued by-product of an effectively free society.1

Suggested Citation

  • David Reisman, 1990. "Economics and Beyond," Palgrave Macmillan Books, in: The Political Economy of James Buchanan, chapter 8, pages 155-178, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10519-9_8
    DOI: 10.1007/978-1-349-10519-9_8
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