The Columbia Encyclopedia, Sixth Edition.2001

Buchanan, James McGill

1919, American economist, b. Murfreesboro, Tenn., Ph.D. Univ. of Chicago, 1948. A professor at Virginia Polytechnic Institute (196983) and George Mason Univ. (1983), he was awarded the 1986 Nobel Memorial Prize in Economic Sciences for his public choice theory that analyzes economic and political decision making. See his The Calculus of Consent: Logical Foundations of Constitutional Democracy (1962).