James M. Buchanan
| By: | John Meadowcroft |
| Publisher: | Bloomsbury USA |
| Print ISBN: | 9781441195753 |
| eText ISBN: | 9781623567101 |
| Edition: | 1 |
| Copyright: | 2013 |
| Format: | Reflowable |
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James McGill Buchanan (1919 - 2013) was an American economist best known as a pioneer of public choice theory. A founder of the new Virginia school of political economy, he made extensive contributions to the theory of public finance, constitutional economics, rent-seeking, and the economic analysis of politics. Buchanan's work offered a scientific basis for conservative and libertarian political endeavors such as a constitutional amendment to balance the federal budget. He was awarded the Nobel Prize in Economics in 1986.