James M. Buchanan (Major Conservative and Libertarian Thinkers) (by John Meadowcroft)


Author(s): John Meadowcroft

Publisher: Bloomsbury Academic
Publish date: 2013-08-01
ISBN-10: 1441195750
ISBN-13: 9781441195753
Language: English
Description:
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.

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