Monday, January 14, 2013

R.I.P. James Buchanan, 1986 Nobel Laureate in Economic Science. A great man!

Economist Richard McKenzie writes a tribute to his teacher James Buchanan

 "Today, I am pleased to call James Buchanan my professor for pressing on me a remarkably simple but important point that escapes so many colleagues across the country:  Being a professor is a privileged position.  It demands scholarship, but it also demands that you give of yourself in ways that will never show up on your resume, or in your obituary."


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