Richard McKenzie writes a tribute to James Buchanan

You will find it under the fold…

At a conference organized in the early 1990s to celebrate Professor James M. Buchanan’s Nobel Prize in Economics, the speakers were asked to tie their comments on economic education to Professor Buchanan’s prodigious works.  My opening line crystallized the importance of my serendipitously coming within Professor Buchanan’s orbit of influence: “When I was in Professor James Buchanan’s microeconomics class in the fall of 1969, he taught me very little.  I say that with pride here in this august setting because Professor Buchanan would be the first among you to realize that I could not offer a higher compliment. He understands, as he got me to see, that the measure of good teaching is not how much you teach, but how much is learned by students – and then how much students can do with what little is taught and learned.  The first principle in economics should be economy in the principles covered,” a point rarely driven home for young economists today.

With his death at age 93, much will be written about Professor Buchanan’s prodigious scholarship that has changed the way people view political and government arenas.  My perspective is more personal, that of a student who came to know an admirable side of Professor Buchanan that his critics and devoted readers will never know.  Professor Buchanan was my dissertation director.  Most dissertation directors take weeks, if not months, to return first drafts of their students’ dissertations.  In my case, I vividly remember placing all 250 pages of my first draft on Professor Buchanan’s desk just before 5 PM one day, only to find a marked-up version, as well as an untold number of typed single-spaced pages of comments, the very next morning!

After graduating and taking an assistant professorship, I started churning out a stream of papers, anxious to move up the academic ladder. But I had an advantage that other young professors could only wish for.  I had Professor Buchanan in my corner, giving generously of his time to review and comment on my work, and all with unbelievable promptness.   I would send Professor Buchanan a paper, and he would have it back to me in no time at all, with pages of comments – long ago, when papers and messages traveled at the snail’s pace of the Post Office.  He was so prompt and predictable on getting papers back that on occasion I would put a paper in an envelope and then go to one of my colleagues and say something to this effect: “Notice that I am putting this paper in the mail to Jim Buchanan today.  I am willing to bet you a cup of coffee that I will get this paper back with one or more single-spaced pages of comments a week from now.”  Without fail, I won the bets and had any number of cups of coffee off Professor Buchanan’s tireless generosity with his time and wisdom with a former student.

I once told Professor Buchanan’s longtime assistant Betty Tillman how remarkable it was that he would get my papers back so promptly and with obvious attention to detail.  I was struck by her reaction, “Honey, I hate to tell you this, but he doesn’t just do it for you.  He does it for everyone.  There’s hardly a day that goes by that he doesn’t get at least one paper in for review, and he almost always has his comments written by the next morning.”

Professor Buchanan’s comments on my papers followed a somewhat predictable format.  He would always start by saying something positive about the content, perhaps focusing on how well the paper was written, if lost for positive comments on content. He would then add his incisive comments, which sometimes forced me to set the paper aside.  But on one paper I remember well that he didn’t start with his usual positive remarks.  He wrote to this effect: “Dear Dick, we all write good papers and bad papers.  With some papers we pursue publication.  With others, we trash them.  In the process of writing any number of papers, we acquire great wisdom in deciding which papers are which.  You will acquire great wisdom in deciding what to do with this paper.”  I didn’t need for him to say more, which he didn’t.  I never tried to revise that paper.

Today, I am pleased to call James Buchanan my professor for pressing on me a remarkably simple but important point that escapes so many colleagues across the country:  Being a professor is a privileged position.  It demands scholarship, but it also demands that you give of yourself in ways that will never show up on your resume, or in your obituary.

Richard McKenzie is the Walter B. Gerken Professor of Economics and Management Emeritus in the Merage School of Business at the University of California, Irvine.



Was Buchanan really the inspiration for Rahl's Veil of Ignorance? Wikipedia does not think so, but credits another Econ Nobel Prize winner, John Harsanyi: "The veil of ignorance and the original position are concepts introduced by John Harsanyi[1][2] and later appropriated by John Rawls in A Theory of Justice." Wiki cites these two Harsanyi papers from 1955-55: ^ J. C. Harsanyi, Cardinal utility in welfare economics and in the theory of risk-taking, J. Polit. Economy 61 (1953), pp. 434–435. ^ J. C. Harsanyi, Cardinal welfare, individualistic ethics, and interpersonal comparison of utility, J. Polit. Economy 63 (1955), pp. 309–321 Buchanan in 1953-55 did what? In mitigation, and in favor of Buchanan, perhaps it can be said he had more influence over Rahls than Harsanyi. After all, it's also well known that Einstein was not the first to discover E = mC^2 (the famous energy-mass general theory formula), rather, it was discovered well before Einstein, in a different context, by others (see "others" at

A great tribute for a great mind ... but I suppose Professor Buchanan had tenure by the time McKenzie took his course in 1969

Wow, as a graduate student looking for an adviser, that almost brought a tear to my eye. That is such a touching and generous thing to be so organized and prompt about reviewing papers and about offering professional guidance. He seems like a beautiful man.


Thanks for your comment, but know that I actually understated Jim Buchanan's generosity with his time and advice, as other former students can attest. I was damn lucky. As former colleague Bruce Yandle wrote me (something to this effect with strength of brevity): "What a man. What a life. What a career. What an impact. We can today feel fortunate to have labored in Jim Buchanan's vineyard for a time."

Richard McKenzie

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