The Past, Present and Future of Virginia Political Economy
13 Pages Posted: 8 Dec 2015
Date Written: December 6, 2015
We present a short history of the Virginia School of Political Economy in its institutional settings of University of Virginia (UVA), Virginia Polytechnic Institute and State University, or Virginia Tech (VPI), and George Mason University (GMU). We discuss the original research and educational project as envisioned by Buchanan at UVA, its maturity into a normal science at VPI, and its continuation at GMU. We argue that the future of Virginia Political Economy will depend critically on the various alternative interpretations of the Buchanan project in positive economics, welfare economics, and political economy.
Keywords: James Buchanan, Public choice, Political economy
JEL Classification: B20; B53; D70
Suggested Citation: Suggested Citation