James M. Buchanan

This article is about the political economist. For other people with the same name, see James Buchanan (disambiguation).

James M. Buchanan
Buchanan in September 2010
Born
James McGill Buchanan Jr.

(1919-10-03)October 3, 1919
Murfreesboro, Tennessee, U.S.
DiedJanuary 9, 2013(2013-01-09) (aged 93)
Blacksburg, Virginia, U.S.
EducationMiddle Tennessee State University (BS)
University of Tennessee (MS)
University of Chicago (PhD)
Academic career
FieldPublic choice theory
Constitutional economics
InstitutionGeorge Mason University
Virginia Tech
University of Virginia
School or
tradition		Virginia School
Influences
ContributionsPublic choice theory
Logrolling
Benefit principle
Club good
Samaritan's dilemma
AwardsNobel Memorial Prize in Economic Sciences (1986)
Information at IDEAS / RePEc

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]

  1. ^ a b c Cite error: The named reference Baird was invoked but never defined (see the help page).
  2. ^ "Mont Pelerin Society Past Presidents". Mont Pelerin Society. Archived from the original on September 4, 2018. Retrieved September 4, 2018.
  3. ^ "Meet the Economist Behind the One Percent's Stealth Takeover of America". Institute for New Economic Thinking. Archived from the original on March 26, 2019. Retrieved April 25, 2020.


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