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Several notable public choice scholars have been awarded the Nobel Prize in Economics, including Kenneth Arrow (1972), James M. Buchanan (1986), George Stigler (1982), Gary Becker (1992), Amartya Sen (1998), Vernon Smith (2002), and Elinor Ostrom (2009). Buchanan, Smith, and Ostrom were former presidents of the Public Choice Society. [37]
James McGill Buchanan Jr. (/ b juː ˈ k æ n ə n / bew-KAN-ən; October 3, 1919 – January 9, 2013) was an American economist known for his work on public choice theory [1] originally outlined in his most famous work, The Calculus of Consent, co-authored with Gordon Tullock in 1962.
Liberty Fund’s publishing program began in 1971 with the publication of Education in a Free Society coauthored by Wabash College Professor Benjamin A. Rogge and Pierre F. Goodrich. (Rogge was a founding director of Liberty Fund in 1960). [13]
The National Conference of State Societies (NCSS) was charted by Congress on April 3, 1952, when President Harry Truman signed Public Law 82-293 (36 U.S.C. 1505).But the association was also known by other names in the early 20th and late 19th Century and the early roots date back to at least a listing of officers in the Congressional Directory of 1876 when the group was known as the Central ...
Mueller is a past president of the Public Choice Society, the Southern Economic Association, the Industrial Organization Society, and EARIE. His main research interests are in public choice and industrial economics. His work is mainly about high-ranking people taking advantage of informational transaction costs.
The Virginia school emerged first at the Thomas Jefferson Center at the University of Virginia established by James M. Buchanan and G. Warren Nutter in 1957. It was there that Ronald Coase formulated his famous theorem on the problem of social cost (1960) and that Buchanan and Gordon Tullock wrote The Calculus of Consent in 1962. [1]
Parliamentary procedures are the accepted rules, ethics, and customs governing meetings of an assembly or organization. Their object is to allow orderly deliberation upon questions of interest to the organization and thus to arrive at the sense or the will of the majority of the assembly upon these questions. [ 1 ]
The Calculus of Consent: Logical Foundations of Constitutional Democracy is a book published by economists James M. Buchanan and Gordon Tullock in 1962. It is considered to be one of the classic works from the discipline of public choice in economics and political science.