James M. Buchanan

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Part of the Politics series on Libertarianism

Factions Agorism Geolibertarianism Left-libertarianism Minarchism Neolibertarianism Paleolibertarianism Influences Austrian School Anarchism Anarcho-capitalism Classical liberalism Objectivism Ideas Civil liberties Free markets Laissez-faire Liberty Non-aggression Self-ownership Free trade Key issues Parties Economic views Views of rights Theories of law

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James McGill Buchanan Jr. (born October 3, 1919) is an American economist most renowned for his work on Public Choice Theory, and who won the 1986 Nobel Memorial Prize in Economics. He originally graduated from Middle Tennessee Normal School in 1940. He has long been professor at George Mason University. He has also held teaching positions at the University of Virginia (founding the Thomas Jefferson center), UCLA, and the Virginia Polytechnic Institute (with the [Center for the Study of Public Choice]). He moved with the center to its new home at GMU. His work in economics included a rigorous analysis of the theory of logrolling.

His book The Calculus of Consent is considered to be one of the classic works that founded the discipline of public choice in economics and political science.

Written with Gordon Tullock, The Calculus of Consent argues that Government decisions are part of the economy, not exogenous factors. Therefore, methods of collective decisions must be studied as part of the study of the public sector. Calculus further describes the constitution as the line that is drawn between private and collective action. Public choice is then divided between pre and post-constitutional phases.

List of publications

• [The Collected Works of James M. Buchanan] by James M. Buchanan, at the [Library of Economics and Liberty]. Multi-volume work; copyrighted but free to read and access; fully searchable online. Includes:

• [Public Principles of Public Debt: A Defense and Restatement,] by James M. Buchanan, at the Library of Economics and Liberty
• [The Calculus of Consent: Logical Foundations of Constitutional Democracy,] by James M. Buchanan and Gordon Tullock, at the Library of Economics and Liberty
• [Public Finance in Democratic Process: Fiscal Institutions and Individual Choice,] by James M. Buchanan, at the Library of Economics and Liberty
• [The Demand and Supply of Public Goods,] by James M. Buchanan, at the Library of Economics and Liberty
• [Cost and Choice: An Inquiry in Economic Theory,] by James M. Buchanan, at the Library of Economics and Liberty
• [The Limits of Liberty: Between Anarchy and Leviathan,] by James M. Buchanan, at the Library of Economics and Liberty
• [Democracy in Deficit: The Political Legacy of Lord Keynes,] by James M. Buchanan and Richard E. Wagner, at the Library of Economics and Liberty
• [The Power to Tax: Analytical Foundations of a Fiscal Constitution,] by Geoffrey Brennan and James M. Buchanan, at the Library of Economics and Liberty
• [The Reason of Rules: Constitutional Political Economy,] by Geoffrey Brennan and James M. Buchanan, at the Library of Economics and Liberty

References

• Kasper, Sherryl. The Revival of Laissez-Faire in American Macroeconomic Theory: A Case Study of Its Pioneers (2002) ch 6

External links

• [Biography at GMU]
• [Biography of James M. Buchanan] at the Concise Encyclopedia of Economics
• [James M. Buchanan at the Francisco Marroquín University - Intelectual Pilgrimage]
• [James Buchanan made Dr. Honoris Causa at the Francisco Marroquín] University

 

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