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Fall 2023

ISSN 0890-913X

Volume 38, Number 3

The Academic Entrepreneurship of James Buchanan at Virginia Tech

J. R. Clark, University of Tennessee at Chattanooga and Free Market Institute at Texas Tech University

Dwight R. Lee, University of Georgia and Ball State University

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TheAcademicEntrepreneurshipofJamesBuchananatVirginiaTechJ.R.ClarkUniversityofTennesseeatChattanoogaandFreeMarketInstituteatTexasTechUniversityUnitedStatesofAmericaDwightR.LeeUniversityofGeorgiaandBallStateUniversityUnitedStatesofAmericaTheJournalofPrivateEnterprise38(3),2023,47-60AbstractThisarticlediscussesJamesBuchanan’sacademicentrepreneurshipinsometimes-hostileenvironments.ItexaminesBuchanan’sviewoftheappropriateroleofmathematicsinhis1964address“WhatShouldEconomistsDo?”asitwaschallengedwithintheEconomicsDepartmentatVirginiaTechbyDanOrr.Ittracesthemathematical/philosophicaltensionbetweenBuchananandOrrthroughtheexperienceofDwightLeeandgraduatestudentsatVirginiaTech.ItdiscussestheentrepreneurialroleplayedbyWadeGilleyinmovingBuchananfromVirginiaTechtoGeorgeMasonUniversitytocaptureinstitutionalexternalitiesproducedbyBuchanan’seventualNobelPrizeandthelastingeffectsofBuchanan’sacademicentrepreneurshipatGeorgeMasonUniversity.JELCodes:A12,B15,B41Keywords:publicchoice,Virginiapoliticaleconomy,JamesM.Buchanan,mathematicaleconomics,classicalmoralphilosophyI.IntroductionThispaperbuildsuponarecentarticlebyBoettke,Clark,andKroencke(2022)analyzingtheresponseofJamesBuchanantothesometimes-hostileinstitutionalenvironmentsheencountered.Specifically,weexamineBuchanan’sviewoftheappropriateroleofmathematicsinhisphilosophicalcontribution“WhatShouldEconomistsDo?”(Buchanan1964)asitwasfurtherdevelopedandthenchallengedwithintheinstitutionalconfinesoftheDepartmentofEconomicsatVirginiaTechunderitschair,DanOrr.Section2discussesthephilosophicalorientationsofBuchananandOrr,astheywereshapedbytheirprofessionalexperiencesatdifferentuniversities.Section3tracesthegrowingmathematical/philosophical

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Title	The Academic Entrepreneurship of James Buchanan at Virginia Tech
Authors/Creators:	J. R. Clark, University of Tennessee at Chattanooga and Free Market Institute at Texas Tech University Dwight R. Lee, University of Georgia and Ball State University
Year:	2023
Volume:	38
Number:	3
Pages:	47 - 60
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	public choice, Virginia political economy, James M. Buchanan, mathematical economics, classical moral philosophy

Citation:
Clark, J. R.; Lee, Dwight R. / 2023. "The Academic Entrepreneurship of James Buchanan at Virginia Tech." The Journal of Private Enterprise, 38(3): 47-60.