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 Prize Outreach AB 2023. Mon. 25 Sep 2023. <https://www.nobelprize.org/prizes/economic-sciences/1986/summary/>

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

Coming up

2023 Nobel Prize announcements

This year’s Nobel Prize announcements will take place 2–9 October. All announcements will be streamed live here on nobelprize.org.

See the full schedule
Announcement dates

Explore prizes and laureates

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