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James M. Buchanan

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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 M. Buchanan Jr. was an American economist and university teacher. Born in Murfreesboro in 1919, he died in Blacksburg in 2013. He was educated at the University of Chicago, the University of Tennessee, and Middle Tennessee State University. His doctoral advisor was Frank Knight.

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 professional affiliations included George Mason University, Florida State University, the University of Virginia, and the University of Florida.

He wrote in English and spoke English. His doctoral students included Charles Plott and Randall G. Holcombe. His work is recognized in the Nobel Economics collection and the American Academy Arts Sciences collection.

Synthesized by Vinony from 25 facts across 3 sources: Wikidata, Nobel Prize, Vinony collections. Generated from structured data (not the Wikipedia text) and checked against those facts — may still contain errors.

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 →

Wikidata facts

Instance of
human
Gender
male
Citizenship
United States
Place of birth
Murfreesboro
Place of death
Blacksburg
Occupation
university teacher
Educated at
Middle Tennessee State University
Employer
University of Florida
Languages spoken
English language
Doctoral advisor
Frank Knight
Field of work
economist
Image
James Buchanan by Atlas network.jpg
Show 8 more facts
date of birth
1919-10-03
date of death
2013-01-09
Commons category
James M. Buchanan
member of
Accademia Nazionale dei Lincei
name in native language
James McGill Buchanan Jr.
different from
James Buchanan
writing language
English language
interested in
economics
Sources (8)

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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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