Friday, June 30, 2017

To err is human...?

American economist James Buchanan won the 1986 Nobel Prize in Economics. Date 9 September 2010 Source Author Atlas Network Official website
James McGill Buchanan (1919 – 2013)

"American economist known for his work on public choice theory (included in his most famous work The Calculus of Consent), for which he received the Nobel Memorial Prize in 1986.

Buchanan's work initiated research on how politicians' and bureaucrats' self-interest, utility maximisation and other non-wealth maximising considerations affect their decision making."


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