The Power of Independent Thinking


Stay Connected
Get the latest updates straight to your inbox.

Volume 22  Number 4  •  Spring 2018
Other Issues:  

Buchanan’s Accounts of the Serendipitous Discovery of Wicksell
A Case of “Just What Was He Thinking?” or . . .
By Michael Brooks
This article appeared in the Spring 2018 issue of The Independent Review

Nobel laureate economist James Buchanan was fond of telling students that after completing his dissertation, he stumbled upon Knut Wicksell’s 1896 book on public goods, taxation, and the political process—a serendipitous discovery that altered Buchanan’s thinking and the course of public choice economics. Some scholars question the veracity of Buchanan’s anecdote, but a comparison of his multiple accounts of the story provides some corroboration and sheds light on the early development of public choice.

This article will be posted in full nine months after its initial print publication. To read it now, please download the issue via the Independent Review app (available on iOS, Kindle Fire and Android) for $2.99, or buy a print copy of this issue for $12.00.

Other Independent Review articles by Michael Brooks
    Spring 2003   A Free Market in Kidneys Would Be Efficient and Equitable