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Meet the Economist Behind the One Percent's Stealth Takeover of America - 2018-05-30

F0.png Meet the Economist Behind the One Percent's Stealth Takeover of America May 30, 2018, Lynn Parramore, Institute for New Economic Thinking

Nobel laureate James Buchanan is the intellectual linchpin of the Koch-funded attack on democratic institutions, argues Duke historian Nancy MacLean

Ask people to name the key minds that have shaped America's burst of radical right-wing attacks on working conditions, consumer rights and public services, and they will typically mention figures like free market-champion Milton Friedman, libertarian guru Ayn Rand, and laissez-faire economists Friedrich Hayek and Ludwig von Mises.

James McGill Buchanan is a name you will rarely hear unless you've taken several classes in economics. And if the Tennessee-born Nobel laureate were alive today, it would suit him just fine that most well-informed journalists, liberal politicians, and even many economics students have little understanding of his work.

Wikipedia cite:
{{cite news | first = Lynn | last = Parramore | title = Meet the Economist Behind the One Percent's Stealth Takeover of America | url = https://www.ineteconomics.org/perspectives/blog/meet-the-economist-behind-the-one-percents-stealth-takeover-of-america | work = Institute for New Economic Thinking | date = May 30, 2018 | accessdate = December 1, 2019 }}