- Associated Press - Friday, November 18, 2016

FAIRFAX, Va. (AP) - George Mason University is naming two campus buildings for Nobel Prize laureates who taught at the school.

At a ceremony Friday, the school will formally name buildings for two professors who taught economics there, James Buchanan and Vernon Smith.

Buchanan, who died in 2013, won a Nobel in 1986 for his work on the intersections of politics and economics. Smith won in 2002 for developing methods for lab experiments that illuminate economic behavior. Smith, who is 89, will attend Friday’s ceremony.

The building on the Fairfax campus now known as Mason Hall becomes James Buchanan Hall. The five-story Metropolitan Building on the Arlington campus becomes Vernon Smith Hall.

Buchanan and Smith helped Mason develop a national reputation for work in economics, particularly for those with conservative leanings.

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