Conversation with James M Buchanan - Pt. 1

James Buchanan is the celebrated Nobel Laureate economist and prolific author and thought leader.

In Part 1, he discusses the theory of public choice, his exchange theory of economics, and constitutional thought.

In Part 2, the conversation moves to such topics as the work ethic, the logic of free markets, subjectivism, anarchy, federalism, the influence of philosophy, and the significance of the Nobel Prize.