A series of recent reviews of the depression of 1920-21 by Austrian School and libertarian economists have argued that the downturn demonstrates the poverty of Keynesian policy recommendations. However, these writers misrepresent important characteristics of the 1920-21 downturn, understating...

This paper explores James Buchanan’s contributions to urban economics and urban public finance. Buchanan never self-identified as an “urban economist,” so his contributions to the field tend to blend into his broader body of work on public finance and externalities. However, in a series of...