1 Dr. James M. Buchanan and the Nobel Prize Thomas Li-Ping Tang Middle Tennessee State University, USA

2 Dr. James M. Buchanan and the Nobel Prize The Concert Hall The Nobel Museum The City Hall, Stockholm, Sweden The European Congress of Psychology, July 9-12, 2013, Stockholm, Sweden

3

4

5

6

7

8 Alfred Bernhard Nobel Alfred Bernhard Nobel was born on October 21, 1833, in Stockholm, Sweden.Stockholm, Sweden Died on December 10, 1896, in Sanremo, ItalySanremo, Italy A Swedish chemist, engineer, innovator, and armaments manufacturer. He was the inventor of dynamite. He held 350 patents.

9 Alfred Nobel’s Signature

10

11

12

13

14

15 Dr. James M. Buchanan Grandson of a Tennessee governor, John P. Buchanan Was born in Rutherford County, Tennessee on October 3, 1919, Died in Blacksburg, Virginia on January 9, 2013

16 Dr. James M. Buchanan Received his BA degree from Middle Tennessee State Teachers College in 1940, (Major: Mathematics, English Literature, and Social Science) Masters degree from University of Tennessee in 1941, and Ph.D. from University of Chicago in 1948.

17 Dr. James M, Buchanan Was Awarded the Alfred Nobel Memorial Prize in Economic Sciences For his contributions to the theory of political decision-making and public economics. The new political economy or “Public Choice” Book: The Calculus of Consent: Logical Foundations of Constitutional Democracy

18 Dr. James M. Buchanan University of Virginia; Virginia Tech: the Center for Study of Public Choice; George Mason University: Retired in 2007; The University of Tennessee-Knoxville, Florida State University, and UCLA.

19 Dr. James M. Buchanan In 1997, MTSU established the Buchanan Scholarship. He said: “Economics…requires expository writing skills, logical structures of analysis, and a grounding in ultimate reality. And political economy, the branch of moral philosophy from which economics springs, requires philosophical coherence. I came away from Middle Tennessee with all of these”

20 Dr. James M. Buchanan Seminar in Honor of James M. Buchanan On November 22, 1991, He said: “When I was a student here, I did not study hard enough”. He once wrote: “If Jim Buchanan can get a Nobel Prize, anyone can.”

21 Secret to His Success Hard Work, A sense of Self-Confidence, A Willingness to Challenge All Authority, Scientific or Otherwise.

22 His Exclusive Secret

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39