Presentation Speech by Professor Ingemar Ståhl of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, The Laureate of this year, James Buchanan of George Mason University, has been awarded the Prize for his development of the contractarian and constitutional foundations for the theory of economic and political decision-making. This…

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Presentation Speech by Professor Karl-Göran Mäler of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, Economic growth has in a dramatic way transformed the society and given us possibilities and freedom that only a few generations ago were not thought of. For better or worse the situation for man…

16 October 1986 THIS YEAR’S ECONOMICS PRIZE AWARDED FOR A SYNTHESIS OF THE THEORIES OF POLITICAL AND ECONOMIC DECISION-MAKING (PUBLIC CHOICE) has decided to award the1986 Alfred Nobel Memorial Prize in Economic Sciences to Professor James McGill Buchanan, George Mason University, Virginia, USA, for his development of the contractual and constitutional bases for the theory…

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  Born: October 3, 1919, Murfreesboro, Tennessee, USA Civil Status: Married (to Ann Bakke Buchanan on 5 October 1945), no children     Education 1948 Ph. D., University of Chicago 1941 M. S., University of Tennessee 1940 B. A., Middle Tennessee State College     Current position and title General Director, Center for Study of…

Presentation Speech by Professor Ragnar Bentzel of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, This year’s prize in Economic Sciences has been awarded to Professor Franco Modigliani for his construction and development of the theory of household saving known as the life-cycle hypothesis and for his contributions to…

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