Essential James Buchanan: Who Was James Buchanan?

James McGill Buchanan was one of the 20th century's most influential economists who had a lasting impact on the study of government finances, political processes and the subjective nature of costs. In 1986, Buchanan was awarded the Nobel Prize in economics for his work co-founding Public Choice, a field of economic study that looks at the self-interest and individual incentives involved in politics and political decision. Watch this video to learn more, and visit http://essentialjamesbuchanan.org.