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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]
There they continued the Public Choice Society and the journal, of which Tullock remained editor until 1990. At VPI, Tullock wrote a number of influential articles and books, including Private Wants, Public Means (1970), The Logic of the Law (1971), The Social Dilemma (1974), and The Vote Motive (1976).
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.
The Public Choice Society, a 501(c)(3) organization that facilitates research and discussion of the social sciences, is an outgrowth of the Virginia School. [8]
Thomas Earl Borcherding (Feb. 18, 1939 – Feb. 12, 2014) was an American economist. His areas of specialization include microeconomics, public choice, property rights, exchange and transaction costs, politics and public choice, sociological economics, and the role of institutions in economic, political, and social choice.
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Trained as an economist, Brennan collaborated extensively with Nobel Prize winner James M. Buchanan and became the first non-American president of the Public Choice Society in 2002. Brennan published widely on rational actor theory, philosophy, and economics, and sat on the editorial board of the academic journal Representation. [2]