MTSU receives Buchanan’s Nobel Prize, $2.5 m...

MTSU receives Buchanan’s Nobel Prize, $2.5 million [VIDEO]

A $2.5 million bequest from the estate of economist James M. Buchanan to the MTSU University Honors College was announced May 9 in special ceremonies outside the Paul W. Martin Sr. Honors Building.

Buchanan family member Jeff Whorley of Indianapolis, Ind., made the formal gift announcement to MTSU President Sidney A. McPhee, Honors College Dean John Vile, invited guests, the campus community and alumni and friends of the university.

The announcement came near the end of a celebration of life event held for Buchanan (1919-2013), a Rutherford County native, 1940 graduate from Middle Tennessee State Teachers College, World War II veteran and 1986 recipient of the Nobel Memorial Prize in Economic Sciences.

Buchanan died Jan. 9 in Blacksburg, Va., at the age of 93.

For more details about Buchanan and his family’s gift to MTSU, visit