Edited by Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK and Chris Mulhearn, formerly Reader in Economics, Liverpool Business School, Liverpool John Moores University, UK

‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’

• Contents:AcknowledgementsGeneral IntroductionHoward R. Vane and Chris MulhearnPART IJAMES M. BUCHANAN Introduction to Part I: James M. Buchanan (b. 1919)1. James M. Buchanan (1949), ‘The Pure Theory of Government Finance: A Suggested Approach’2. James M. Buchanan (1954a), ‘Social Choice, Democracy, and Free Markets’3. James M. Buchanan (1954b), ‘Individual Choice in Voting and the Market’4. James M. Buchanan (1959), ‘Positive Economics, Welfare Economics, and Political Economy’5. James M. Buchanan and Gordon Tullock (1962), ‘A Generalized Economic Theory of Constitutions’6. James M. Buchanan (1987), ‘The Constitution of Economic Policy’PART IIGARY S. BECKER Introduction to Part II: Gary S. Becker (b. 1930)7. Gary S. Becker (1962), ‘Investment in Human Capital: A Theoretical Analysis’8. Gary S. Becker (1965), ‘A Theory of the Allocation of Time’9. Gary S. Becker (1968), ‘Crime and Punishment: An Economic Approach’10. Gary S. Becker (1974), ‘A Theory of Social Interactions’11. Gary S. Becker (1983), ‘A Theory of Competition Among Pressure Groups for Political Influence’12. Gary S. Becker and Kevin M. Murphy (1988), ‘A Theory of Rational Addiction’PART IIIDANIEL KAHNEMAN Introduction to Part III: Daniel Kahneman (b. 1934)13. Amos Tversky and Daniel Kahneman (1973), ‘Availability: A Heuristic for Judging Frequency and Probability’14. Amos Tversky and Daniel Kahneman (1974), ‘Judgment Under Uncertainty: Heuristics and Biases’15. Daniel Kahneman and Amos Tversky (1979), ‘Prospect Theory: An Analysis of Decision Under Risk’16. Daniel Kahneman and Amos Tversky (1984), ‘Choices, Values, and Frames’17. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1986), ‘Fairness as a Constraint on Profit Seeking: Entitlements in the Market’18. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1990), ‘Experimental Tests of the Endowment Effect and the Coase Theorem’PART IVVERNON L. SMITH Introduction to Part IV: Vernon L. Smith (b. 1927)19. Vernon L. Smith (1962), ‘An Experimental Study of Competitive Market Behavior’20. Vernon L. Smith (1964), ‘Effect of Market Organization on Competitive Equilibrium’21. Vernon L. Smith (1965), ‘Experimental Auction Markets and the Walrasian Hypothesis’22. Vernon L. Smith (1976), ‘Experimental Economics: Induced Value Theory’23. Vernon L. Smith (1980), ‘Experiments with a Decentralized Mechanism for Public Good Decisions’24. Vernon L. Smith (1982), ‘Microeconomic Systems as an Experimental Science’

Edited by Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK and Chris Mulhearn, formerly Reader in Economics, Liverpool Business School, Liverpool John Moores University, UK

‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’

• Contents:AcknowledgementsGeneral IntroductionHoward R. Vane and Chris MulhearnPART IJAMES M. BUCHANAN Introduction to Part I: James M. Buchanan (b. 1919)1. James M. Buchanan (1949), ‘The Pure Theory of Government Finance: A Suggested Approach’2. James M. Buchanan (1954a), ‘Social Choice, Democracy, and Free Markets’3. James M. Buchanan (1954b), ‘Individual Choice in Voting and the Market’4. James M. Buchanan (1959), ‘Positive Economics, Welfare Economics, and Political Economy’5. James M. Buchanan and Gordon Tullock (1962), ‘A Generalized Economic Theory of Constitutions’6. James M. Buchanan (1987), ‘The Constitution of Economic Policy’PART IIGARY S. BECKER Introduction to Part II: Gary S. Becker (b. 1930)7. Gary S. Becker (1962), ‘Investment in Human Capital: A Theoretical Analysis’8. Gary S. Becker (1965), ‘A Theory of the Allocation of Time’9. Gary S. Becker (1968), ‘Crime and Punishment: An Economic Approach’10. Gary S. Becker (1974), ‘A Theory of Social Interactions’11. Gary S. Becker (1983), ‘A Theory of Competition Among Pressure Groups for Political Influence’12. Gary S. Becker and Kevin M. Murphy (1988), ‘A Theory of Rational Addiction’PART IIIDANIEL KAHNEMAN Introduction to Part III: Daniel Kahneman (b. 1934)13. Amos Tversky and Daniel Kahneman (1973), ‘Availability: A Heuristic for Judging Frequency and Probability’14. Amos Tversky and Daniel Kahneman (1974), ‘Judgment Under Uncertainty: Heuristics and Biases’15. Daniel Kahneman and Amos Tversky (1979), ‘Prospect Theory: An Analysis of Decision Under Risk’16. Daniel Kahneman and Amos Tversky (1984), ‘Choices, Values, and Frames’17. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1986), ‘Fairness as a Constraint on Profit Seeking: Entitlements in the Market’18. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1990), ‘Experimental Tests of the Endowment Effect and the Coase Theorem’PART IVVERNON L. SMITH Introduction to Part IV: Vernon L. Smith (b. 1927)19. Vernon L. Smith (1962), ‘An Experimental Study of Competitive Market Behavior’20. Vernon L. Smith (1964), ‘Effect of Market Organization on Competitive Equilibrium’21. Vernon L. Smith (1965), ‘Experimental Auction Markets and the Walrasian Hypothesis’22. Vernon L. Smith (1976), ‘Experimental Economics: Induced Value Theory’23. Vernon L. Smith (1980), ‘Experiments with a Decentralized Mechanism for Public Good Decisions’24. Vernon L. Smith (1982), ‘Microeconomic Systems as an Experimental Science’

Edited by Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK and Chris Mulhearn, formerly Reader in Economics, Liverpool Business School, Liverpool John Moores University, UK

‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’

• Contents:AcknowledgementsGeneral IntroductionHoward R. Vane and Chris MulhearnPART IJAMES M. BUCHANAN Introduction to Part I: James M. Buchanan (b. 1919)1. James M. Buchanan (1949), ‘The Pure Theory of Government Finance: A Suggested Approach’2. James M. Buchanan (1954a), ‘Social Choice, Democracy, and Free Markets’3. James M. Buchanan (1954b), ‘Individual Choice in Voting and the Market’4. James M. Buchanan (1959), ‘Positive Economics, Welfare Economics, and Political Economy’5. James M. Buchanan and Gordon Tullock (1962), ‘A Generalized Economic Theory of Constitutions’6. James M. Buchanan (1987), ‘The Constitution of Economic Policy’PART IIGARY S. BECKER Introduction to Part II: Gary S. Becker (b. 1930)7. Gary S. Becker (1962), ‘Investment in Human Capital: A Theoretical Analysis’8. Gary S. Becker (1965), ‘A Theory of the Allocation of Time’9. Gary S. Becker (1968), ‘Crime and Punishment: An Economic Approach’10. Gary S. Becker (1974), ‘A Theory of Social Interactions’11. Gary S. Becker (1983), ‘A Theory of Competition Among Pressure Groups for Political Influence’12. Gary S. Becker and Kevin M. Murphy (1988), ‘A Theory of Rational Addiction’PART IIIDANIEL KAHNEMAN Introduction to Part III: Daniel Kahneman (b. 1934)13. Amos Tversky and Daniel Kahneman (1973), ‘Availability: A Heuristic for Judging Frequency and Probability’14. Amos Tversky and Daniel Kahneman (1974), ‘Judgment Under Uncertainty: Heuristics and Biases’15. Daniel Kahneman and Amos Tversky (1979), ‘Prospect Theory: An Analysis of Decision Under Risk’16. Daniel Kahneman and Amos Tversky (1984), ‘Choices, Values, and Frames’17. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1986), ‘Fairness as a Constraint on Profit Seeking: Entitlements in the Market’18. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1990), ‘Experimental Tests of the Endowment Effect and the Coase Theorem’PART IVVERNON L. SMITH Introduction to Part IV: Vernon L. Smith (b. 1927)19. Vernon L. Smith (1962), ‘An Experimental Study of Competitive Market Behavior’20. Vernon L. Smith (1964), ‘Effect of Market Organization on Competitive Equilibrium’21. Vernon L. Smith (1965), ‘Experimental Auction Markets and the Walrasian Hypothesis’22. Vernon L. Smith (1976), ‘Experimental Economics: Induced Value Theory’23. Vernon L. Smith (1980), ‘Experiments with a Decentralized Mechanism for Public Good Decisions’24. Vernon L. Smith (1982), ‘Microeconomic Systems as an Experimental Science’