Thinker

James M. Buchanan

American economist, founder of the Virginia school of public choice; with Gordon Tullock wrote The Calculus of Consent (1962); Nobel laureate in economics 1986.

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Influence graph

Key ideas

TheoryConstitutional political economyThe economic study of rules, founded by Buchanan and Tullock's The Calculus of Consent (1962): constitutions are judged by whether individuals could agree to them as the framework for later political choice.

Revision history

2026-10-23rev 1 — Seed import