James M. Buchanan
James M. Buchanan
James McGill Buchanan, Jr.was an American economist known for his work on public choice theory, for which he received the Nobel Memorial Prize 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, a memberof the Mont Pelerin Society, a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason University...
NationalityAmerican
ProfessionEconomist
Date of Birth3 October 1919
CountryUnited States of America
James M. Buchanan quotes about
In 1987, the United States celebrates the bicentennial anniversary of the constitutional convention that provided the basic rules for the American political order. This convention was one of the very few historical examples in which political rules were deliberately chosen.