James M. Buchanan Quote on Inefficient Resource Use and Political Coalitions

„You can get a coalition of senators from particular states in America, for example, who want to construct highways or dams or ports which may well be very inefficient. The taxes would be paid by the people over the whole country, but the benefits would go to the few people in those particular locations. This type of spending is a rather gross waste of resources that worsened over the years as the government has been allowed to do more particularized things.“

James M. BuchananJames M. Buchanan explains how inefficient government spending by political coalitions wastes resources and unevenly distributes taxes.
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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 inefficient resource use caused by political coalitions and its impact on government spending.


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James M. Buchanan quote about inefficient government spending and resource use

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 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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