The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1986

James M. Buchanan Jr.

Photo from the Nobel Foundation archive.

Prize share: 1/1

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1986 was awarded to James M. Buchanan Jr. "for his development of the contractual and constitutional bases for the theory of economic and political decision-making."

To cite this section
MLA style: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1986. NobelPrize.org. Nobel Media AB 2021. Thu. 15 Apr 2021. <https://www.nobelprize.org/prizes/economic-sciences/1986/summary/>

Back to top Back To Top Takes users back to the top of the page

Learn more

Nobel Prizes 2020

Twelve laureates were awarded a Nobel Prize in 2020, for achievements that have conferred the greatest benefit to humankind.

Their work and discoveries range from the formation of black holes and genetic scissors to efforts to combat hunger and develop new auction formats.

See them all presented here.
Nobel Prizes 2020 graphics

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.