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Quote by James M. Buchanan on Politicians and Incentives

„Politicians and bureaucrats are no different from the rest of us. They will maximize their incentives just like everybody else.“

James M. BuchananJames M. Buchanan explains that politicians and bureaucrats maximize their incentives like everyone else.
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James M. Buchanan was an American economist and Nobel laureate, known for his work on public choice theory.

Commentary on the motivation of politicians and bureaucrats in the context of incentive systems.


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James M. Buchanan quote about politicians, bureaucrats, and incentives

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.

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