EncyclopediaBuchanan, James McGill
Buchanan, James McGill, 1919–, American economist, b. Murfreesboro, Tenn., Ph.D. Univ. of Chicago, 1948. A professor at Virginia Polytechnic Institute (1969–83) and George Mason Univ. (1983–), he was awarded the 1986 Nobel Memorial Prize in Economic Sciences for his “public choice” theory that analyzes economic and political decision making.
See his The Calculus of Consent: Logical Foundations of Constitutional Democracy (1962).
The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved.
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