1 Dr. James M. Buchanan and the Nobel Prize Thomas Li-Ping Tang Middle Tennessee State University,...
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Dr. James M. Buchananand the Nobel Prize
Thomas Li-Ping TangMiddle Tennessee State University, USA
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Dr. James M. Buchananand the Nobel Prize
The Concert HallThe Nobel Museum
The City Hall, Stockholm, SwedenThe European Congress of Psychology,
July 9-12, 2013, Stockholm, Sweden
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Alfred Bernhard Nobel
• Alfred Bernhard Nobel was born on October 21, 1833, in Stockholm, Sweden.
• Died on December 10, 1896, in Sanremo, Italy
• A Swedish chemist, engineer, innovator, and armaments manufacturer. He was the inventor of dynamite.
• He held 350 patents.
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Alfred Nobel’s Signature
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Dr. James M. Buchanan
• Grandson of a Tennessee governor, John P. Buchanan
• Was born in Rutherford County, Tennessee on October 3, 1919,
• Died in Blacksburg, Virginia on January 9, 2013
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Dr. James M. Buchanan
• Received his BA degree from Middle Tennessee State Teachers College in 1940, (Major: Mathematics, English Literature, and Social Science)
• Masters degree from University of Tennessee in 1941, and
• Ph.D. from University of Chicago in 1948.
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Dr. James M, Buchanan
• Was Awarded the Alfred Nobel Memorial Prize in Economic Sciences
• For his contributions to the theory of political decision-making and public economics.
• The new political economy or “Public Choice”
• Book: The Calculus of Consent: Logical Foundations of Constitutional Democracy
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Dr. James M. Buchanan
• University of Virginia;• Virginia Tech: the Center for Study of
Public Choice;• George Mason University: Retired in 2007;• The University of Tennessee-Knoxville,
Florida State University, and UCLA.
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Dr. James M. Buchanan
• In 1997, MTSU established the Buchanan Scholarship. He said:
• “Economics…requires expository writing skills, logical structures of analysis, and a grounding in ultimate reality.
• And political economy, the branch of moral philosophy from which economics springs, requires philosophical coherence. I came away from Middle Tennessee with all of these”
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Dr. James M. Buchanan
• Seminar in Honor of James M. Buchanan• On November 22, 1991, He said: • “When I was a student here, I did not
study hard enough”.• He once wrote:• “If Jim Buchanan can get a Nobel Prize,
anyone can.”
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Secret to His Success
• Hard Work,• A sense of Self-Confidence,• A Willingness to Challenge All
Authority, Scientific or Otherwise.
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His Exclusive Secret
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