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How Buchanan’s concern for the South shaped his first academic works

Author

Listed:
  • Alain Marciano

    (MRE - Montpellier Recherche en Economie - UM - Université de Montpellier, MRE - Montpellier Recherche en Economie - UM - Université de Montpellier)

Abstract

The purpose of this paper is to show that, at the very beginning of his career, Buchanan was interested in concrete issues related to the economic situation in the South rather than with abstract and philosophical works in public finance. We examine the published and unpublished articles, reviews and replies that Buchanan wrote between 1949 and 1952 on federalism. By putting what Buchanan wrote in the intellectual, academic and political context of the period, we put forward four factors which we believe are important to understand Buchanan’s ideas. First, Buchanan defended the intervention of the federal government to redistribute, in the form of equalizing grants, income from rich to poor regions. Second, as a consequence, for Buchanan, such redistribution was an ethical necessity that should precede any consideration of efficiency. Even more important, fiscal justice was a precondition without which a competitive or free market system could not function properly. Third, at least during that period, Buchanan appears to have been interested primarily in practical, concrete problems, rather than in pure and abstract questions. Finally, a fourth and crucial point is that Buchanan insisted on the need for federal government intervention to industrialize the South, a stance that stands in stark contrast to policies the Nashville Agrarians defended.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Alain Marciano, 2020. "How Buchanan’s concern for the South shaped his first academic works," Post-Print hal-03045441, HAL.
  • Handle: RePEc:hal:journl:hal-03045441
    DOI: 10.1007/s11127-020-00800-x
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    Cited by:

    1. Alain Marciano, 2023. "Teaching economics, defending the free market and justifying government intervention: The ABCs of Buchanan’s political economy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(3), pages 441-460, September.
    2. Daniel J. Smith, 2020. "James M. Buchanan centennial birthday academic conference: an introduction to the special issue," Public Choice, Springer, vol. 183(3), pages 223-226, June.

    More about this item

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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