James M. Buchanan Jr.

Nobel Prize in Economic Sciences 1986

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

James M. Buchanan Jr. was an American economist known for public choice theory and constitutional economics. He was awarded the 1986 Nobel Memorial Prize in Economic Sciences for his development of the contractual and constitutional bases for the theory of economic and political decision-making. He was affiliated with the Center for Study of Public Choice when awarded.

Field

Business & Economics · Public Economics

Lifespan

1919–2013