James M. Buchanan, Nobel-winning economist, dies at 93

Andrew Berg

James M. Buchanan, PhD'48, winner of the 1986 Nobel Prize in economics, recently died at 93. A leader in the public choice theory, an economic analysis of politicians' and government workers' self-interested motivation, Dr. Buchanan was one of the first to powerfully demonstrate that the application of economics to political science could predict specific tendancies of government.