Forty years ago, on October 9, 1974, the Nobel Prize committee announced that the co-recipient of that year’s award for economics was the Austrian economist, Friedrich A. Hayek. Never was there a more deserving recognition for one of the truly great free market thinkers of modern times.
Tagged: Nobel Prize
James McGill Buchanan Jr. died Wednesday, January 9, 2013 in Blacksburg, Virginia. In 1986 he won the Nobel Prize in economics mainly for establishing the public choice school of economics.[...]