Economic Sciences

Press release

English 14 October 1998 has decided to award the 1998 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, to Professor Amartya Sen, Trinity College, Cambridge, U.K. (citizen of India) for his contributions to welfare economics. Social Choice, Welfare Distributions, and Poverty Amartya Sen has made several key contributions to the research…

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Award ceremony speech

Presentation Speech by Professor Bertil Näslund of the , December 10, 1997. Translation of the Swedish text. Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, If a Swedish company has to pay 10 million dollars for a machine in six months, it runs the risk that the exchange rate will change. In order to protect…

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Press release

English 14 October 1997 has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 1997, to Professor Robert C. Merton, Harvard University, Cambridge, USA and Professor Myron S. Scholes, Stanford University, Stanford, USA for a new method to determine the value of derivatives. Robert C. Merton and Myron…

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Biographical

I was born in New York, New York, on July 31, 1944, the middle child between two sisters, Stephanie and Vanessa. I grew up in Hastings-on-Hudson, a village of about 8000 outside the city, in a house that Vanessa and her family live in today. My father, born in Philadelphia the son of immigrant parents,…

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