Season 5 Episode 3 - James M Buchanan

Economics In Ten

What do we expect from our public servants? We assume they do their jobs in order to make the world a better place and improve the welfare of society but James M Buchanan had other ideas. He saw those in power looking to do what’s best for them rather than for the people they represent and unfortunately the news cycle seems to support this seemingly cynical view. Public Choice Theory won Buchanan the Nobel Prize in Economics and in this third episode of our fifth season, your friendly neighbourhood economists Pete and Gav, take you through the life and ideas of James Buchanan. Along the way, you can test your knowledge on middle names, consider the viewpoint that the free market is the most ethical economic system and whether you would like to drink zucchini wine! As always technical support comes from Nic and music comes from Jukedeck. You can make your own at Jukedeck.com.