Birthdate: October 3, 1919
Sun Sign: Libra
Birthplace: Murfreesboro
Died: January 9, 2013
James M. Buchanan Jr. was a prominent American economist known for his significant contributions to public choice theory, notably detailed in his influential work, The Calculus of Consent. His research focused on examining how self-interest and factors beyond wealth maximization influence the decision-making processes of politicians and bureaucrats. In recognition of his work, Buchanan was awarded the Nobel Memorial Prize in Economic Sciences in 1986. Over the course of his career, he held advisory roles and prestigious positions at institutions such as The Independent Institute, the Institute of Economic Affairs, and the Mont Pelerin Society. Furthermore, Buchanan was a professor at George Mason University.
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