James Buchanan: Profit Investment

Posted by admin on Thursday, May 27, 2021

James M. Buchanan Money Quote saying as 1986 Nobel Prize Winner in Economics that any time something is profitable, there will be those who seek to profit by it and will therefore invest. James Buchanan said:
 

 

“People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector” — James Buchanan

 

 

In this quote, James Buchanan is observing a common trait in human behavior. He notes that whenever there is potential to profit financially, it will attract investment and effort from people seeking those profits.

Buchanan states this incentive holds true not just in private businesses but also in public/government sectors. He appears to be suggesting that the motivation for monetary gain applies universally across sectors.

So in essence, Buchanan is highlighting how the prospect of earning money inspires investment and action in both private markets and public domains according to economic principles of incentives and profit-seeking behavior that he believes are human universals.

Birthday: April 23, 1791 – Death: June 1, 1868

Categories: philosophical Tagged:investmentJames Buchananmarketprofits