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The Nobel Memorial Laureates in Economics

The Nobel Memorial Laureates in Economics

An Introduction to Their Careers and Main Published Works

Howard R. Vane and Chris Mulhearn

Erudite, accessible and lucidly written, this book provides a stimulating introduction to the careers and main published works of the Nobel Memorial Laureates in Economics. It will prove to be an invaluable reference book on key figures in economics and their path-breaking insights. The vignettes should also encourage the reader to sample some of the Laureates’ original works and gain a better understanding of the context in which new ideas were first put forward.


Howard R. Vane and Chris Mulhearn

Subjects: economics and finance, economic psychology, history of economic thought


THE 1986 NOBEL MEMORIAL LAUREATE JAMES BUCHANAN JAMES BUCHANAN James M. Buchanan (b. 1919) © The Nobel Foundation James Buchanan was born in Murfreeboro, Tennessee, USA in 1919. He studied at Middle Tennessee State College where he received his BA in 1940, before obtaining an MS from the University of Tennessee in 1941 and a PhD in economics from the University of Chicago in 1948. In the early part of his career, Buchanan taught at the University of Tennessee (1948–51) and then Florida State University (1951–55). In 1956, following a research year in Italy as a Fulbright Scholar, Buchanan became Professor of Economics, and director of the Thomas Jefferson Center of Political Economy and Social Philosophy, at the University of Virginia. While at Virginia in the early 1960s he co-founded, with his colleague Gordon Tullock, the Public Choice Society and the academic journal Public Choice. In 1968 Buchanan moved from the University of Virginia to the University of California, Los Angeles (UCLA). After a year at UCLA, he became in 1969 Professor of Economics and general director of the Center for Study of Public Choice at Virginia Polytechnic Institute in Blacksburg. In 1983 he moved the Center to George Mason University, Fairfax, Virginia where he took up a post as professor and has remained ever since. Buchanan is currently advisory general director of the Center for Study of Public Choice and Distinguished Professor Emeritus of Economics at George Mason University, and 152 JAMES BUCHANAN University Distinguished Professor Emeritus of...

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