Originally published in James M. Buchanan: A Theorist of Political Economy and Social Philosophy
Political-economic life is rife with bullshit: false, often nonsensical, beliefs. Some of those beliefs are socially productive. James M. Buchanan identifies popular false beliefs in the constitutional realm as foundational supports of political-economic order. I consider how popular false beliefs in the judicial realm support criminal law and order. The beneficence of bullshit in such arenas may help explain the prevalence of bullshit in political-economic life.
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