January 16th, 2013, 2:00 pm . . | . . 2 comments

I had never heard of James Buchanan until recently (I am not so smart)

Arnold Kling writes:

The death of Nobel Laureate James Buchanan has been much noted in the libertarian blogosphere, by Don Boudreaux for example.  Alex Tabarrok lists more.

In contrast, those of us who were educated at left-leaning institutions learn almost nothing about Buchanan.  There, he is (was) that right-wing guy who was a big proponent of public choice theory.  He is treated as a shallow thinker whose claim to fame is treating government officials as self-interested.

In fact, Buchanan is one of the few economists who I credit with thinking more deeply than I do.  (Yes, this reveals a lot about my self-regard.  My egotistical view of the world is that other economists forego philosophical rigor in exchange for mathematical precision.)

I certainly wouldn’t call the Boston University Economics Department a left-leaning institution, but I hadn’t even heard of Buchanan until after his death, which came after I’d received one and a half degrees in Economics from BU.  And I also think it’s fair to say my education has come down more on the mathematical-precision side of the ledger than on the philosophical-rigor side.

I suppose I might be taught about Buchanan in my M.A. studies at some point, but he has not come up yet and it is very easy to walk away from BU with two degrees in Economics and an awesome proficiency in Stata, without ever having heard Buchanan’s name.

All that I know about him I know from the (mostly libertarian corners of the) blogosphere, but I have ordered The Calculus of Consent and The Limits of Liberty on Amazon.





  • http://www.facebook.com/bill.bielby Bill Bielby

    I don’t think it’s a left-right thing.  How many econ grad students recognize the names Albert O. Hirschman, John Kenneth Galbraith, Robert Heilbroner, Thorstein Veblen and others (mostly liberal) from the rich institutionalist tradition in economics?

    • http://jacobageller.com/ Jacob A. Geller

      My anecdotal answer is “not many,” but that’s anecdotal.

      I do I recognize Hirschman and Galbraith from the Keynesian corners of the blogosophere, Heilbroner I read in my spare time as an undergraduate (not for class), and I hardly know anything about Veblen.

      My M.A. program mostly teaches the technical aspects of economics, not so much the ‘fuzzier’ stuff like history of economic thought.  I *could* have taken fuzzier stuff as an undergrad but I mostly didn’t, as it was easier to study outside the classroom than the technical stuff would have been.  And I would guess (just guess) that more econ grad students recognize even Hirschman and Galbraith at say George Mason University than at Boston University.

      See their respective course catalogs for example: http://catalog.gmu.edu/content.php?catoid=19&navoid=4109#acalog_template_course_filter

      http://www.bu.edu/academics/cas/courses/economics/3/

      …not exactly scientific, I know, but a cursory review of their offerings for econ grad students does confirm my suspicion.  (I picked GMU because a lot of right-leaning, or libertarian anyway, economists teach there; and I would say that BU produces more technocrats).

      Note that this is not necessarily an endorsement of GMU’s offerings over BU’s, and it’s just a sort of general sense I have.  

      I would love to see the Chicago Booth School put together an IGM Panel of Econ Grad Students though (with a larger sample of course, polling 41 economists is a little silly), to complement this: http://www.igmchicago.org/igm-economic-experts-panel

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