James McGill Buchanan, Jr. (/bjuËˈkænɨn/; October 3, 1919 – January 9, 2013) was an American economist known for his work on public choice theory, for which he received the Nobel Memorial Prize in 1986. Buchanan's work initiated research on how politicians' self-interest and non-economic forces affect government economic policy. He was a member of the Board of Advisors of The Independent Institute, a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason University.Continue Reading »
