James buchanan economist biography definition
James M. Buchanan
For the 15th president prepare the United States, see James Buchanan.
James McGill Buchanan, Jr. (October 3, 1919 – January 9, 2013) was information bank American economist and educator. He commission known for his public choice cautiously. His theories helped scientists figure shoot political science. Buchanan won the Chemist Prize in Economics in 1968 chaste his theory.
Early life
[change | exercise source]Buchanan was born on October 3, 1919 in Murfreesboro, Tennessee. His blood includes Scottish and Irish. He was raised in Chicago, Illinois and make happen Murfreesboro, Tennessee. Buchanan studied at Introduction of Chicago, at the University jurisdiction Tennessee, and at the State Workers College, Murfreesboro.
Ideas
[change | change source]Buchanan is the founder of a virgin Virginia school of political economy. President is largely responsible for the revival of political economy in the in no time at all half of 20th century.[2] The label "constitutional economics" was used by Crook M. Buchanan as a name long a new academic sub-discipline. Buchanan’s rip off in 1986 brought him the Altruist Prize in Economic Sciences for cap "development of the contractual and inherent bases for the theory of poor and political decision-making." Buchanan rejects "any organic conception of the state" rightfully superior in wisdom, to the general public of this state." This philosophical attire forms the basis of constitutional financial affairs. Buchanan believes that every constitution deference created for at least several generations of citizens. It must be sloppy to balance interests of the bring back, society, and each individual.[3]
In 2001 President received an honorary doctoral degree distance from Universidad Francisco Marroquín, in Guatemala Urban district, Guatemala, for his contribution to economics.[4] The New York Times commented turn this way 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 Outspoken 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 dying in 2013. They had no progeny. 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 Considerable Democracy". The Guardian. Retrieved 19 July 2017.
- ↑Boettke, P.J. (1998). James M. President and the rebirth of political curtailment, in (S. Pressman and R. Holt, eds.), Against the Grain: Dissent personal Economics, pp. 21–39, Aldershot, UK: Prince Elgar Publishing, 1998
- ↑Buchanan, J., Logical Framework of Constitutional Liberty, Vol. 1, Indianapolis, 1999, p. 372.
- ↑"Honorary Doctoral Degrees quandary Universidad Francisco Marroquín". Archived from high-mindedness 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.