James M. Buchanan

"Well, we haven’t learnt yet to live together peacefully... But I don’t know what progress really means. Anyway, I think we need to have faith in the fact that there is more out there to be explained. …"

"The hard core in public choice can be summarized in three presuppositions: methodological individualism, rational choice, and politics-as-exchange."

"Economics is the study of the whole system of exchange relationships. Politics is the study of the whole system of coercive or potentially coercive relationships."

"I did not call him "Fritz." To me he remained always "Professor Hayek," despite his own graciousness in treating me as a peer. I shall not attempt to evaluate Professor Hayek's monumental contribution…"

"Individuals do not act so as to maximize utilities described in independently-existing functions. They confront genuine choices, and the sequence of decisions taken may be conceptualized, ex post , in…"

"James M. Buchanan in Online Library of Liberty"

"A version of the old fable about the king's nakedness may be helpful here. Public choice is like the small boy who said that the king really has no clothes. Once he said this, everyone recognized that…"