[smoothsailing]

He won the prize in 1986. Holder took office in 2009. Important news post, but sloppy writing.

Are you saying Buchanan's theory only applied on the day he wrote it?

[buridan]

“Are you saying Buchanan’s theory only applied on the day he wrote it?”

No. The original post said “James Buchanan won the Nobel Prize in Economics by explaining Holder’s actions as Public Choice Theory . . ..” How could he win by means of something that occurred only decades after he won the prize? My comment merely indicated that the original post, important as the subject was, was not precisely-stated.

Are you saying Buchanan’s theory only applied on the day he wrote it?