James M. Buchanan Jr. (1919-2013 )

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

American economist. Buchanan was born on October 2, 1919 at Murfreesboro, Tennessee. He studied at the University of Tennessee prior to obtaining his Ph.D. at the University of Chicago in 1948. He became Professor of Economics at the University of Virginia in 1956 was appointed, in 1969, Director of the Center for Study of Public Choice at George Mason University, Virginia. Buchanan died on January 9, 2013, in Blacksburg, Virginia.
Major Works:
Public Finance in a Democratic Process (1966); The Dem Supply of Public Goods (1968); Cost Choice: An Inquiry in Economic Theory (1969); Theory of Public Choice: Political Applications of Economics (1972); The Limits of Liberty: Between Anarchy the Leviathan (1975); Democracy in Deficit: The Politica