Nancy MacLean’s Democracy in Chains begins as the story of James Buchanan, the Nobel Prize-winning economist who popularized public choice economics. MacLean argues that Buchanan joined up with wealthy special interest individuals to influence politics. In partnership with the Koch brothers, MacLean argues that Buchanan and other public choice economists worked directly to benefit a small group of propertied individuals over the will of the majority.
The work was longlisted for the National Book Award while also being widely and sharply criticized by conservative think tanks and public choice economists.
To listen to the Bedrosian Book Club discussion of Democracy in Chains click the arrow in the player on this post. Or you can download it and subscribe through ApplePodcasts, Soundcloud, Google Play, Stitcher, or your favorite podcasting app!