James M. Buchanan
American economist (1919–2013) / From Wikipedia, the free encyclopedia
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James McGill Buchanan Jr. (/bjuːˈkænən/; October 3, 1919 – January 9, 2013) was an American economist known for his work on public choice theory[1] originally outlined in his most famous work, The Calculus of Consent, co-authored with Gordon Tullock in 1962. He continued to develop the theory, eventually receiving the Nobel Memorial Prize in Economic Sciences in 1986. Buchanan's work initiated research on how politicians' and bureaucrats' self-interest, utility maximization, and other non-wealth-maximizing considerations affect their decision-making. He was a member of the Board of Advisors of The Independent Institute as well as of the Institute of Economic Affairs,[Works 1] a member of the Mont Pelerin Society (MPS) and MPS president from 1984 to 1986,[2] a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason University.[3]
James M. Buchanan | |
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Born | James McGill Buchanan Jr. (1919-10-03)October 3, 1919 Murfreesboro, Tennessee, U.S. |
Died | January 9, 2013(2013-01-09) (aged 93) Blacksburg, Virginia, U.S. |
Education | Middle Tennessee State University (BS) University of Tennessee (MS) University of Chicago (PhD) |
Academic career | |
Institution | George Mason University Virginia Tech University of Virginia |
Field | Public choice theory Constitutional economics |
School or tradition | Virginia School |
Influences | |
Contributions | Public choice theory Logrolling Benefit principle Club good Samaritan's dilemma |
Awards | Nobel Memorial Prize in Economic Sciences (1986) |
Information at IDEAS / RePEc | |