Author: Xiong Bingyuan
Publisher:
Publish Date: 2002-03-01
Features: Starting from Individualism — One of the Nobel Economics Prize winners, Professor James M. Buchanan, once gave guest lectures at the University of California, Los Angeles. At that time, the university was in a heated debate with the state legislature over research funding. The university demanded that the state legislature significantly increase financial support for research work. The state legislature, on the other hand, wanted the university to clearly outline how the funds would be used and what research would be conducted. The university believed that such demands were a clear interference in academic development and an infringement on the university's independent and detached academic status, and therefore refused to cooperate. Both sides insisted on their own arguments and refused to yield.
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