James Buchanan and the Properly Trained Economist

Throughout his career, James Buchanan displayed a remarkable consistency regarding the didactic role of the properly trained economist. As he would say, it takes varied iterations to force alien concepts upon reluctant minds. What he regarded as the role of the properly trained economist is just a variation on his understanding of constitutional political economy. According to Buchanan, properly trained economists occupy dual, roles as economic scientists and political economists. As economic scientists they understand how spontaneous orders emerge as a result of self-interested…

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