Most Active Stories
- MA And CT Declare State Of Emergency, Issues Travel Bans As Winter Blast Nears
- Sit. Stay. Call 911: FIDO Vest Gives Service Dogs An Upgrade
- Winter Storm On Its Way
- New York State Assembly Speaker Sheldon Silver Arrested On Corruption Charges
- NYS Assembly Speaker Sheldon Silver Charged in Corruption Scheme
Wed January 9, 2013
Nobel Prize economist James Buchanan dies at 93
NASHVILLE, Tenn. (AP) — Nobel Prize-winning economist James M. Buchanan, who helped develop the public choice theory of economics, has died. He was 93.
Family members said in a news release from Middle Tennessee State University, where Buchanan graduated in 1940, that he died Wednesday morning in Blacksburg, Va., where he lived.
He earned the 1986 Nobel Memorial Prize in Economic Sciences for his writings in the field of public choice, which uses the tools of economics to analyze the behavior of voters, candidates, legislators, bureaucrats and others.
Buchanan, who was a Tennessee native and grandson of Tennessee Gov. John P. Buchanan, grew up in rural Middle Tennessee. He spent most of his academic career in Virginia, where he established the Center for Study of Public Choice, based at George Mason University.
Copyright 2013 The Associated Press.