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Why did James M. Buchanan Jr. win The Prize in Economic Sciences in 1986?
Wiki User
∙ 9y ago
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974 was awarded jointly to Gunnar Myrdal and Friedrich August von Hayek for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoThe Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1986 was awarded to James M. Buchanan Jr. for his development of the contractual and constitutional bases for the theory of economic and political decision-making.
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