Quote by James M. Buchanan on political implementation of economic measures

„It is much more difficult to get implemented politically what might be desirable economically. Even if you came out with an economic argument in favor of equalization - and I think there are arguments on both sides - I would still come down in favour of some sort of a scheme on strict economic grounds.“

James M. BuchananJames M. Buchanan describes the challenges of politically implementing economically desirable measures.
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James M. Buchanan was an American economist and Nobel laureate, known for his work on public choice theory.

Quote by James M. Buchanan on the difficulty of implementing economically desirable policies politically.


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James M. Buchanan quote about economic arguments and political implementation

James M. Buchanan (1919–2013) was an American economist best known for developing public choice theory, analyzing political behavior using economic principles. He was awarded the Nobel Prize in Economic Sciences in 1986.

James M. Buchanan quote about bureaucratic rents in fiscal equalization systemsCopyright © yoice.net – Quote Artwork
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"Once you have an equalization instrument in place, as you have in Canada, there arise tremendous bureaucratic values - bureaucratic rent so to speak - in maintaining the system that you have. To shift to a system that paid the transfers directly to individuals, by having differential rates of federal income tax levied to adjust to provincial fiscal capacities, which would be my preference, you would have huge bureaucratic opposition. People would try to protect the rents they have in the current system of institutions." James M. Buchanan
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James M. Buchanan quote about fiscal capacity, immigration, and regional equalizationCopyright © yoice.net – Quote Artwork
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"We want to limit the exploitation of the fiscal capacity of the richer regions by keeping down the rate of immigration to a level that would be meaningful and efficient. One way to do that is to have a scheme of equalization which essential bribes people to stay in the poorer regions." James M. Buchanan
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Pierre-Joseph Proudhon quote about federalism and decentralizationCopyright © yoice.net – Quote Artwork
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"All my economic ideas as developed over twenty-five years can be summed up in the words: agricultural-industrial federation. All my political ideas boil down to a similar formula: political federation or decentralization." Pierre-Joseph Proudhon
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James M. Buchanan quote about equal taxation and government spendingCopyright © yoice.net – Quote Artwork
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"If you are going to spend for one group, you have to spend the same for every group, just like if you tax one group you have to tax everybody. You have to go back to having more general laws, more general taxes and more general spending programs." James M. Buchanan
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