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James M. Buchanan

File:James_Buchanan_by_Atlas_network.jpg · Wikimedia Commons · See Wikimedia Commons

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James M. Buchanan

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Also known as James McGill Buchanan, Jr., James McGill Buchanan, J. M. Buchanan, James McGill Buchanan Jr., James M. Buchanan, Jr., James M. Buchanan Jr.

American economist, recipient of the Nobel Memorial Prize for Economics (1919–2013)

OverviewAI-generated

James McGill Buchanan Jr. (1919–2013) was an American economist and university teacher. Born in Murfreesboro and dying in Blacksburg, he held positions at George Mason University, Florida State University, the University of Virginia, and the University of Florida. His doctoral advisor was Frank Knight, and he taught students including Charles Plott and Randall G. Holcombe.

Buchanan received the Prize in Economic Sciences in Memory of Alfred Nobel and the National Humanities Medal. He was a member of the American Academy of Arts and Sciences, the Mont Pelerin Society, and the Accademia Nazionale dei Lincei. His written works include *Fiscal equity in a federal state*, *The economists' vision*, *Ethik des Kapitalismus*, *Die Begrundung Von Regeln*, and *Calculus of Consent*.

Synthesized by Vinony from 40 facts across 8 sources: Wikidata, Crossref, Open Library, MusicBrainz, Last.fm, Nobel Prize, Vinony collections, Vinony graph. Generated from structured data (not the Wikipedia text) and checked against those facts — may still contain errors.

Person · Open Library

Born
1919
Died
2013
Works
86

Top works

  • Fiscal equity in a federal state
  • The economists' vision
  • Ethik des Kapitalismus
  • Die Begrundung Von Regeln
  • Calculus of Consent

via Open Library + Wikidata

Music · MusicBrainz

Type
Person
Gender
Male
Origin
United States

Discography

Discogs

via MusicBrainz · CC0

Listeners · Last.fm

Listeners
1
Total plays
1

<a href="https://www.last.fm/music/James+M.+Buchanan">Read more on Last.fm</a>

via Last.fm · James M. Buchanan

Recent publications · Crossref

5 total works indexed

  1. The PRISMA 2020 statement: an updated guideline for reporting systematic reviews

    · 2021 · cited 85,293x

  2. Special points for Brillouin-zone integrations

    · 1976 · cited 68,322x

  3. Fiji: an open-source platform for biological-image analysis

    · 2012 · cited 66,908x

  4. SciPy 1.0: fundamental algorithms for scientific computing in Python

    · 2020 · cited 36,569x

  5. Structural equation modeling in practice: A review and recommended two-step approach.

    · 1988 · cited 31,725x

via Crossref · CC0

Quotes

  • “I did not call him "Fritz." To me he remained always "Professor Hayek," despite his own graciousness in treating me as a peer. I shall not attempt to evaluate Professor Hayek's monumental contribution to our understanding of the events of this turbulent century, to the influence of his ideas on these events themselves or even to the development of economic theory in a strictly scientific sense.”
  • “The hard core in public choice can be summarized in three presuppositions: (1) methodological individualism, (2) rational choice, and (3) politics-as-exchange.”
  • “A version of the old fable about the king's nakedness may be helpful here. Public choice is like the small boy who said that the king really has no clothes. Once he said this, everyone recognized that the king's nakedness had been recognized, but that no-one had really called attention to this fact.”
  • “Economics is the study of the whole system of exchange relationships. Politics is the study of the whole system of coercive or potentially coercive relationships.”

via Wikiquote · CC BY-SA

Nobel Prize

  • The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel1986

    “for his development of the contractual and constitutional bases for the theory of economic and political decision-making”

NobelPrize.org →

~40 min read

Encyclopedic overview

James McGill Buchanan Jr. (/bjuːˈkænən/ bew-KAN-ən; October 3, 1919 – January 9, 2013) was an American economist known for his work on public choice theory 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, a member of the Mont Pelerin Society (MPS) and MPS president from 1984 to 1986, a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason University.

Excerpted from Wikipedia’s “James M. Buchanan” article, available under the CC BY-SA 4.0 licence.

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