
James M. Buchanan
1919 – 2013 · aged 94
American economist, recipient of the Nobel Memorial Prize for Economics (1919–2013)
- Born
- 3 Oct 1919 · Murfreesboro
- Died
- 9 Jan 2013 · Blacksburg
Life timeline
Their life from birth to death. On the timeline, world events of the time are shown faintly.
- 3 Oct 1919BornBorn in Murfreesboro
- 1986AwardPrize in Economic Sciences in Memory of Alfred Nobel
- 1987AwardHonorary doctor of the University of Valencia
- 1988AwardAdam Smith Award
- 1996AwardHonorary doctorate of the University of Valladolid
- 2006AwardNational Humanities Medal
- 9 Jan 2013DiedDied in Blacksburg
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Meanwhile in the world
Major world events during their lifetime (1919 – 2013).
- 1919 – 1920Paris Peace Conference
- 1920Treaty of Versailles
- 1933 – 1945The Holocaust
- 19341934 FIFA World Cup
- 19361936 Summer Olympics
- 1937 – 1945Second Sino-Japanese War
- 19381938 FIFA World Cup
- 1938Munich Agreement
- 1939 – 1940Winter War
- 1939 – 1945World War II
- 1940 – 1945Auschwitz concentration camp
- 1941Attack on Pearl Harbor
- 1941 – 1945Eastern Front
- 1941Operation Barbarossa
- 1942 – 1943Battle of Stalingrad
- 1945Atomic bombings of Hiroshima and Nagasaki
- 1945 – 1946Nuremberg trials
- 19501950 FIFA World Cup
- 1950 – 1953Korean War
- 1953 – 1959Cuban Revolution
- 19541954 FIFA World Cup
- 1955 – 1975Vietnam War
- 1956Hungarian Revolution of 1956
- 1956Suez Crisis
- 19581958 FIFA World Cup
- 1959Antarctic Treaty System
- 19621962 FIFA World Cup
- 1962Cuban Missile Crisis
- 19661966 FIFA World Cup
- 1966 – 1976Cultural Revolution
- 1968Prague Spring
- 1969Apollo 11 Moon landing
- 19721972 Summer Olympics
- 19741974 FIFA World Cup
- 19781978 FIFA World Cup
- 1978 – 1979Iranian Revolution
- 1979 – 1989Soviet–Afghan War
- 1980 – 1988Iran–Iraq War
- 19841984 Summer Olympics
- 1985Schengen Agreement
Biography
James McGill Buchanan Jr. ( bew-KAN-ən; October 3, 1919 – January 9, 2013) was an American economist known for his work on public choice theory originally outlined in his most famous work, The Calculus of Consent, co-authored with Gordon Tullock in 1962. He continued to develop the theory, eventually receiving the Nobel Memorial Prize in Economic Sciences in 1986.
Buchanan's work initiated research on how politicians' and bureaucrats' self-interest, utility maximization, and other non-wealth-maximizing considerations affect their decision-making. He was a member of the Board of Advisors of The Independent Institute as well as of the Institute of Economic Affairs, a member of the Mont Pelerin Society (MPS) and MPS president from 1984 to 1986, a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason University.
Text from the Wikipedia article James M. Buchanan, CC BY-SA 4.0
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