Lawrence Klein: Keynesian Economist Who Wanted to Sidestep the Constitution

By Richard M. Ebeling Nobel Prizing-winning Keynesian economist, Lawrence Klein died on October 20, 2013, at the age of 93. A long-time professor of economics at the University of Pennsylvania, he was awarded the Nobel Prize in 1980 for his development of econometric (or statistical) models of the United States “macro” economy for purposes of … Continue reading Lawrence Klein: Keynesian Economist Who Wanted to Sidestep the Constitution

An Appreciation: James M. Buchanan (1919-2013)

by Shruti Rajagopalan*  James M Buchanan, who died last week at age 93, was one of the most profound thinkers of our age. Few Indians would be familiar with his academic contributions or even recognize his name. Yet, the insights from his research would strike a chord with every Indian navigating the inefficiencies and excesses … Continue reading An Appreciation: James M. Buchanan (1919-2013)

James M. Buchanan: A Preliminary Appreciation

by Mario Rizzo The great economist James M. Buchanan died today at 93. I am still too stunned to write a proper appreciation of his tremendous contributions to economics and, indeed, to moral philosophy. Buchanan won the Nobel prize in Economics in 1986. But even this does not capture his greatness. There have been many Nobel … Continue reading James M. Buchanan: A Preliminary Appreciation