ABSTRACT

From a perspective of the early twenty-first century, the faculty roster of the James Wilson Department of Economics at the University of Virginia in the early 1960s merits attention on several counts.1 But the “powers that were” at Mr. Jefferson’s university did not value that particular faculty highly. Recall that those were years heavily laden with ideological baggage, and that faculty was clearly nonconventional. The university, in its wisdom, allowed the 1960s program in “Virginia Political Economy,” despite its external success, to return to orthodoxy as Whinston, Coase, Tullock, Buchanan departed permanently, and Nutter left for an extended period.2 The negative aspects of the Virginia story have been recounted, at least in part, and I shall not elaborate on these aspects here.3