Nobel Prize In Economics

Why Colonial Origins of Comparative Development is Nobel-worthy

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

There are greater goals in life than winning the Nobel Prize. At least, there ought to be. Or so, feels Nobel laureate thinker-philosopher-welfare economist Professor Amartya Sen who dubbed the award as a "nice thing to have", but opined that his life wouldn't have been wasted even without it. Sen said that the money he received from the prize helped him start Pratichi Trust, a research-based charity focussing on education and healthcare of children. "Nobel is an award I received but I don't think my life would have been wasted even if I didn't get it. It was nice to have received it. I got some money and could start a charity called Pratichi Trust involving education and healthcare elements of children," Sen said while speaking to PTI in an exclusive interview at his ancestral abode in Bolpur in Birbhum district of West Bengal. "There's also a little bit of luck involved in whether or not you end up getting one of these prizes... I do not think I had a goal to get the Nobel or any

The economic sciences award was added by Sweden's central bank in 1968, called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

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

The news was confirmed on Monday by the University of Chicago where Lucas had been teaching since 1975

With their research in the early 1980s, the laureates laid the foundations for regulating financial markets and dealing with financial crises, the panel said

The firm's consolidated revenue from operations rose 18% to Rs 55,309 crore in Q2FY23 as against Rs 46,867 crore in Q2FY22

Swedish geneticist Svante Pääbo won the first Nobel of the year, for initiating the field of ancient DNA studies

The beginning of October means Nobel Prize season. Six days, six prizes, new faces from around the globe added to the world's most elite roster of scientists, writers, economists and human rights leaders. This year's Nobel season kicks off Monday with the medicine award, followed by daily announcements: physics on Tuesday, chemistry on Wednesday and literature on Thursday. The 2022 Nobel Peace Prize will be announced on Friday and the economics award on Oct 10. Here are five other things to know about the coveted prizes: WHO CREATED THE NOBEL PRIZES? The prizes in medicine, physics, chemistry, literature and peace were established by the will of Alfred Nobel, a wealthy Swedish industrialist and the inventor of dynamite. The first awards were handed out in 1901, five years after Nobel's death. Each prize is worth 10 million kronor (nearly $900,000) and will be handed out with a diploma and gold medal on Dec. 10 -- the date of Nobel's death in 1896. The economics award - officially

The trio reshaped empirical work in the economic sciences, said the Royal Swedish Academy

Book review of GDP: The World's Most Powerful Formula and Why it Must Change

The bridge that Milgrom and Wilson built was the 1994 auction of telecommunications spectrum by the Federal Communications Commission

Most economic theories are basically mathematical parables. Although they're written in equations, the variables in those equations only loosely correspond to real-world things that we can measure

They were awarded for improvements to auction theory and inventions of new auction formats

The winners were announced in Stockholm by Goran Hansson, secretary-general of the Royal Swedish Academy of Sciences

Duflo, who is married to Banerjee, and Kremer will also donate their Nobel prize money

In a world of crushing inequality and aggregate demand stagnation, the new laureates bring some cheer in showing us that incremental changes pursued steadfastly can add up to a lot

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

Abhijit Banerjee, who recently won the Economics Nobel Prize, along with Esther Duflo and Michael Kremer, spoke to Rajesh Kumar about the concerns facing the Indian economy; here are the highlights