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James M. Buchanan [1919-2013] American
Rank: 104
Economist


James McGill Buchanan, Jr. was an American economist known for his work on public choice theory, for which he received the Nobel Memorial Prize in 1986.

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One of the most exciting intellectual moments of my career was my 1948 discovery of Knut Wicksell's unknown and untranslated dissertation, 'Finanztheoretische Untersuchungen,' buried in the dusty stacks of Chicago's old Harper Library.
101
The eighteenth century discovery that, in an institutional framework that facilitates voluntary exchanges among individuals, this process generates results that might be evaluated positively, produced 'economics,' as an independent academic discipline or science.
102
In 1987, the United States celebrates the bicentennial anniversary of the constitutional convention that provided the basic rules for the American political order. This convention was one of the very few historical examples in which political rules were deliberately chosen. Anniversary
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