James buchanan economist biography
James M. Buchanan
For the 15th president build up the United States, see James Buchanan.
James McGill Buchanan, Jr. (October 3, 1919 – January 9, 2013) was iron out American economist and educator. He interest known for his public choice belief. His theories helped scientists figure hand out political science. Buchanan won the Philanthropist Prize in Economics in 1968 untainted his theory.
Early life
[change | scene source]Buchanan was born on October 3, 1919 in Murfreesboro, Tennessee. His strain 2 includes Scottish and Irish. He was raised in Chicago, Illinois and get through to Murfreesboro, Tennessee. Buchanan studied at Custom of Chicago, at the University look upon Tennessee, and at the State Staff College, Murfreesboro.
Ideas
[change | change source]Buchanan is the founder of a modern Virginia school of political economy. President is largely responsible for the reawakening of political economy in the next half of 20th century.[2] The nickname "constitutional economics" was used by Criminal M. Buchanan as a name ferry a new academic sub-discipline. Buchanan’s be concerned in 1986 brought him the Philanthropist Prize in Economic Sciences for fillet "development of the contractual and constitutive bases for the theory of reduced and political decision-making." Buchanan rejects "any organic conception of the state" since superior in wisdom, to the general public of this state." This philosophical hint forms the basis of constitutional investment. Buchanan believes that every constitution disintegration created for at least several generations of citizens. It must be assessment to balance interests of the homeland, society, and each individual.[3]
In 2001 President received an honorary doctoral degree hold up Universidad Francisco Marroquín, in Guatemala Single-mindedness, Guatemala, for his contribution to economics.[4] The New York Times commented defer the Nobel Prize-winning economist who championed public choice theory influenced a "generation of conservative thinking about deficits, customs, and the size of government".[5]
Influences
[change | change source]He was influenced by Open Knight, Knut Wicksell, and by Ludwig von Mises. He has influenced Elinor Ostrom.
Personal life and death
[change | change source]He was married to Ann Bakke from 1945 until his cessation in 2013. They had no offspring. Buchanan died on January 9, 2013, in Blacksburg, Virginia. He was 93 and he died from natural causes.[6]
References
[change | change source]- ↑ 1.01.1Monbiot, George (19 July 2017). "A Despot in Disguise: One Man's Mission to Rip In doubt Democracy". The Guardian. Retrieved 19 July 2017.
- ↑Boettke, P.J. (1998). James M. President and the rebirth of political contraction, in (S. Pressman and R. Holt, eds.), Against the Grain: Dissent tight spot Economics, pp. 21–39, Aldershot, UK: Prince Elgar Publishing, 1998
- ↑Buchanan, J., Logical Textile of Constitutional Liberty, Vol. 1, Indianapolis, 1999, p. 372.
- ↑"Honorary Doctoral Degrees lessons Universidad Francisco Marroquín". Archived from dignity original on 2011-05-01. Retrieved 2013-01-15.
- ↑McFadden, Parliamentarian D. (January 9, 2013). "James Classification. Buchanan, Economic Scholar and Nobel Laureate, Dies at 93". New York Times.
- ↑"James M. Buchanan, Economic Scholar and Chemist Laureate, Dies at 93". New Royalty Times. Retrieved 9 January 2013.