Economist James Buchanan has passed away. Buchanan, along with Gordon Tullock, won the Nobel Prize for Economics in 1986 and is known for his work on public choice theory.
You can read his Nobel Prize lecture here.
I had several opportunities to hear Dr. Buchanan speak over the last few years. I was always struck by his brilliance and clarity of thought. I count myself among those fortunate enough to have come to know him and to learn from him.