Nobel Prize For Economics

Nobel Prize 2024 in Economic Sciences: Acemoglu, Johnson, and Robinson's research delves into the formations of different political and economic institutions and how they affect a nation's prosperity

Noting that India is a major economy with the highest potential growth rate right now, Nobel laureate economist A Michael Spence said the country has successfully developed by far the best digital economy and finance architecture in the world. Spence, who was awarded the Nobel prize in Economic Sciences in 2001, shared his views during an interaction with students and faculty at the Bennett University in Greater Noida on Monday. "The major economy with the highest potential growth rate right now is India. India has successfully developed by far the best digital economy and finance architecture in the world. It is open, competitive and delivers services of an inclusive kind to a vast array of territory," the Nobel laureate said, according to a statement issued by the varsity. Spence also pointed out that the world is experiencing a "kind of regime change in the global economy". Tracing the evolution of the global economy after World War II, Spence said that the 70-year-old global ..

Economic historian and labour economist, Claudia Goldin was recognised 'for having advanced our understanding of women's labour market outcomes'

Pierre Agostini, Ferenc Krausz, and Anne L'Huillier won the 2023 Nobel Prize in Physics for "experimental methods that generate attosecond pulses of light for the study of electron dynamics in matter"

As the world reels from the Covid-19 pandemic, the importance of science, world peace and literature seem more important. Let's look at a brief history of the Nobel Prize, and the winners this year

Economics Nobel laureates this year have clear answers

The Royal Swedish Academy of Scienes said the three have 'completely reshaped empirical work in the economic sciences'

The Nobel Prize-winning economist has combined pure memoir with chapters on fundamental philosophical, political or economic issues

Banerjee tells Anjuli Bhargava he wants the world to have the right conversations before marching on in its battle against extreme poverty

Any sale must be designed to serve the common good, not to maximise revenues

No longer is economic theory merely a glorified way of using mathematics to tell allegories about the world- now it has practical engineering applications

Here's a selection of Business Standard opinion pieces for the day

This year's Nobel is for actual economic policy design

Global trade will recover eventually but it is almost certain that no country will be allowed to 'game' the system to gain an unfair and sustained advantage

There is good reason for caution in applying the results of randomised control trials across space and time

This could eventually lead to better understanding of places where life is most likely to exist

Goyal called Banerjee "totally Left leaning" and said "the people of India have rejected his thinking". Sinha said, "Those people whose second wives are foreigners are mostly getting Nobel Prize"

15 economists, including past Nobel laureates say relying on RCTs to guide welfare and aid spending will lead to short-term, superficial and misplaced policies

A popular conception of economists is that they're the high priests of the free market, downplaying the role of government and giving short shrift to the needs of society's poorest

Banerjee, Duflo and Kremer together have launched a movement within development economics