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James Buchanan

Important decisions are not made the way economic textbooks teach us

October 5, 2020 Eric Lofgren 0

Here’s a nice exchange between Agnes Callard and Russ Roberts on EconTalk. Remember — the defense resource allocation process, the PPBE, was explicitly created on […]

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What the DoD doesn’t understand about markets

August 25, 2020 Eric Lofgren 0

Most people in economics think of economics as being a largely positive, scientific approach to studying. More than that: It is a set of questions […]

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