A Presidential Tribute to James M. Buchanan: In Appreciation of the Man, His Work, and His Example
Bibliographic record
Abstract
Nobel laureate James McGill Buchanan proudly served as president of the Southern Economic Association from 1962-1963. In his presidential address “What Should Economists Do?,” he suggested that the study of economics is best approached by concentrating on exchange and the coordination that arises spontaneously when people pursue their own interests subject to market constraints. Buchanan’s address stood in stark contrast, at the time, to Lionel Robbins, who saw economics as the science of choices necessitated by scarcity and it fomented the rise of the two major economic methodologies widely discussed in the economics literature today as the “value paradigm” and the “exchange paradigm.” In this article, we utilize Buchanan’s 1963 presidential address as a starting point to discuss his effect on the cooperative and informational functions of markets as well as expressive voting.
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How this classification was reachedexpand
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.002 | 0.000 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.000 | 0.000 |
| Scholarly communication | 0.000 | 0.000 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one teacher head, not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".