#MPPCS #Prelims #imp James McGill Buchanan was an American - TopicsExpress

#MPPCS #Prelims #imp James McGill Buchanan was an American economist known for his work on public choice theory, for which he received the Nobel Memorial Prize in 1986. Buchanan emphasized that public policy cannot be considered in terms of distribution, but is instead always a question of the choice over rules of the game that engender a pattern of exchange and distribution. His work in public choice theory is often interpreted as the quintessential case of economic imperialism

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