What topic did Buchanan's work primarily focus on?
Politicians' self-interest
Global economic situations
Socio-economic inequalities
The principles of supply and demand
Answer
James Buchanan's work focused primarily on politicians' self-interest. He argued that politicians are motivated by their own self-interest, and that this self-interest often leads to policies that are not in the best interests of the general public. Buchanan's work has been influential in the field of public choice, and has helped to shape our understanding of how the political process works.
The Mind of Economics: Unleashing the Legacy of James M. Buchanan
More Questions
At which institution was James M. Buchanan a professor?
Which Society's presidency did Buchanan hold from 1984 to 1986?
Was James M. Buchanan a Distinguished Senior Fellow of the Cato Institute?
Was Buchanan a member of the Board of Advisors for The Independent Institute?
When did James M. Buchanan pass away?
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