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James M. Buchanan

Buchanan’s work on the subject of what governments should do and his insistence on Knut Wicksell’s ideal that taxation and public expenditure be integrated topics have contributed significantly...

James M. Buchanan

While relatively short, Cost and Choice, according to Hartmut Kliemt in the foreword, “holds quite a central place in Buchanan’s work. For the fundamental economic notion of ‘cost’, or...