Distinguished Faculty Emeriti

Distinguished Faculty Emeriti

Nobel Laureate James Buchanan served as the advisory general director of the Center for Study of Public Choice until his death in 2013. He is best known for developing the "public choice theory" of economics, which changed the way economists analyze economic and political decision making.

Dr. Gordon Tullock, was an originator, along with Buchanan, of much of the work underlying the field of public choice.

Nobel Laureate Vernon Smith is a research scholar in the Interdisciplinary Center for Economic Science and a Fellow of the Mercatus Center, both in Arlington, VA. He has authored or co-authored over 200 articles and books on capital theory, finance, natural resource economics and experimental economics.