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...their own self-interest, not to serve some higher public good. They behave, he declares, much like consumers in a marketplace. For work stemming from that basic theory of political economy, Buchanan, 67, last week won the 1986 Nobel Prize for Economic Science. The Tennessee-born professor at George Mason University in Fairfax, Va., is the 14th American to win the economics award since it was first given...

Author: /time Magazine | Title: ECONOMICS: Lives of Spirit and Dedication | 10/27/1986 | See Source »

James McGill Buchanan, a professor at George Mason University in Fairfax, Va., was selected to receive the prize in economic science for his work studying the relationship between economics and politics...

Author: NO WRITER ATTRIBUTED | Title: Nigerian Author Wins Literature Nobel Economics Nobel Goes to American | 10/17/1986 | See Source »

...Harvard refused to play without him, making Pierce the first black to play in an intersectional game below the Mason-Dixon line...

Author: By David M. Lazarus, | Title: How to Strangle a Bulldog | 9/15/1986 | See Source »

...plunged 61.87 points, to 1839, on the week's opening day. On Tuesday the bears were again on the prowl, as the Dow dropped an additional 18.27 points, to 1820.73. For the next two days, the market rallied faintly, then drifted down again to close at 1821.43. Nonetheless, insisted Mason Sexton, president of Harmonic Research, a Wall Street forecasting firm, "the bull market is intact...

Author: /time Magazine | Title: The Bull Takes a Nose Dive | 7/21/1986 | See Source »

...printer, estimates that he and his co-workers spent eight months creating just 3 1/2 minutes of special effects for E.T. like the bicycles that flew through the air at the film's end. "I compare it to working on a cathedral," he says. "I'm just a stone mason working on a gargoyle in a corner. I want to make the best one I can, of course. But I just wish they'd use more gargoyles...

Author: /time Magazine | Title: Cinema: Lights! Camera! Special Effects! | 6/16/1986 | See Source »

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