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People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector.
James M. Buchanan
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James M. Buchanan
Age: 93 †
Born: 1919
Born: October 3
Died: 2013
Died: January 9
Economist
University Teacher
Murfreesboro
Tennessee
James McGill Buchanan
Jr.
James McGill Buchanan
James Buchanan
Well
Private
Trait
Made
Universal
Profits
People
Share
Sector
Effort
Attract
Public
Traits
Money
Investment
True
Profit
Wells
Market
Behavioural
More quotes by James M. Buchanan
Clearly, I am not an anarchist. Philosophically, I might be, but I think in practical terms.
James M. Buchanan
America is perhaps excessively mobile in the sense that there is sometimes not enough stability in communities. Dynamism in the economy is not necessarily the be all and end all.
James M. Buchanan
We want to limit the exploitation of the fiscal capacity of the richer regions by keeping down the rate of immigration to a level that would be meaningful and efficient. One way to do that is to have a scheme of equalization which essential bribes people to stay in the poorer regions.
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Liberals have lost the soul. We haven't recognized the necessity of defending our own system at the level of ideas. We have to get people to treat the idea of a free society as a civic religion or a faith. We need to fight for that faith.
James M. Buchanan
Politics is a romantic search for the good and the true and the beautiful.
James M. Buchanan
If politicians get money to spend and don't have to be responsible for taxation, then of course that will bias their attitude toward more spending as opposed to cutting back on spending.
James M. Buchanan