The New York Times obituary said that the Nobel Prize-winning economist who championed public choice theory influenced a "generation of conservative thinking about deficits, taxes and the size of government". The Badische Zeitung (Freiburg) called Buchanan, who showed how politicians undermine fair and simple tax systems, the "founder of the new political economy".
The New York Times obituary said that the Nobel Prize-winnin,g economist who championed public choice theory influenced a "generation of conservative thinking about deficits, taxes and the size of governmen.t". The Badische Zeitung (Freiburg) called Buchanan who showed how politicians ,undermine fair and simple tax systems the "founder of the new political economy"