Loading Economics Nobel Prize
Celebrating breakthroughs in economic sciences.
Loading Economics Nobel Prize
Celebrating breakthroughs in economic sciences.
Economics · 1986
James M. Buchanan Jr. received the 1986 Nobel Prize in Economics for his development of the contractual and constitutional bases for the theory of economic and political decision-making. The award recognizes how this contribution changed the direction of its field. This achievement represents one of the major advances recognized in economics at the time.