James buchanan death

James M. Buchanan

For the 15th president of the United States, see James Buchanan.

James McGill Buchanan, Jr. (October 3, &#; January 9, ) was an American economist and educator. He is known for his public choice theory.

James m buchanan biography for kids

James McGill Buchanan Jr. (/ bjuːˈkænən / bew-KAN-ən; October 3, – January 9, ) 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

His theories helped scientists figure out political science. Buchanan won the Nobel Prize in Economics in for his theory.

Early life

[change | change source]

Buchanan was born on October 3, in Murfreesboro, Tennessee. His ancestry includes Scottish and Irish. He was raised in Chicago, Illinois and in Murfreesboro, Tennessee.

James m buchanan biography wikipedia James M. Buchanan, American economist who received the Nobel Prize for Economics () for his development of ‘public-choice theory,’ a unique method of analyzing economic and political decision making. He also cofounded () and was director of the Center for the Study of Public Choice.

Buchanan studied at University of Chicago, at the University of Tennessee, and at the State Teachers College, Murfreesboro.

Ideas

[change | change source]

Buchanan is the founder of a new Virginia school of political economy. Buchanan is largely responsible for the rebirth of political economy in the second half of 20th century.[2] The term "constitutional economics" was used by James M.

Buchanan as a name for a new academic sub-discipline. Buchanan’s work in brought him the Nobel Prize in Economic Sciences for his "development of the contractual and constitutional bases for the theory of economic and political decision-making." Buchanan rejects "any organic conception of the state" as superior in wisdom, to the citizens of this state." This philosophical position forms the basis of constitutional economics.

Buchanan believes that every constitution is created for at least several generations of citizens. It must be able to balance interests of the state, society, and each individual.[3]

In Buchanan received an honorary doctoral degree from Universidad Francisco Marroquín, in Guatemala City, Guatemala, for his contribution to economics.[4] The New York Times commented that the Nobel Prize-winning economist who championed public choice theory influenced a "generation of conservative thinking about deficits, taxes, and the size of government".[5]

Influences

[change | change source]

He was influenced by Frank Knight, Knut Wicksell, and by Ludwig von Mises.

Michelle buchanan James M. Buchanan Jr. was an American economist who earned the Nobel Prize in economics in for his contribution to public choice theory, which uses economics to analyze the behavior of.

He has influenced Elinor Ostrom.

Personal life and death

[change | change source]

He was married to Ann Bakke from until his death in They had no children. Buchanan died on January 9, , in Blacksburg, Virginia. He was 93 and he died from natural causes.[6]

References

[change | change source]

  1. ↑ Monbiot, George (19 July ).

    "A Despot in Disguise: One Man's Mission to Rip Up Democracy". The Guardian.

    James m buchanan biography James McGill Buchanan Jr. (/ bjuːˈkænən / bew-KAN-ən; October 3, – January 9, ) 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

    Retrieved 19 July

  2. ↑Boettke, P.J. (). James M. Buchanan and the rebirth of political economy, in (S. Pressman and R. Holt, eds.), Against the Grain: Dissent in Economics, pp. 21–39, Aldershot, UK: Edward Elgar Publishing,
  3. ↑Buchanan, J., Logical Foundations of Constitutional Liberty, Vol. 1, Indianapolis, , p.

  4. ↑"Honorary Doctoral Degrees at Universidad Francisco Marroquín".

  5. James m buchanan biography facts
  6. James m buchanan biography book
  7. James m buchanan biography pdf

    8. Archived from the original on Retrieved

  8. ↑McFadden, Robert D. (January 9, ). "James M. Buchanan, Economic Scholar and Nobel Laureate, Dies at 93". New York Times.
  9. ↑"James M. Buchanan, Economic Scholar and Nobel Laureate, Dies at 93". New York Times. Retrieved 9 January

Related pages

[change | change source]

Other websites

[change | change source]