Nobel Prize

Swedish 8 oktober 1996 har beslutat utdela Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne år 1996 till Professor James A. Mirrlees, University of Cambridge, U.K. och Professor William Vickrey, Columbia University, New York, USA, (avliden den 10 oktober 1996) för fundamentala bidrag till den ekonomiska teorin för incitament vid asymmetrisk information. Information…

Newton Stewart is a town of two thousand people in the beautiful centre of Galloway, in the southwest of Scotland. My father came there in 1934, newly married, to be a teller in one of the six banks. In 1936 I was born, in a cottage across the river in the neighbouring village of Minnigaff.…

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Additional background material on the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1996 8 October 1996; has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 1996, to Professor James A. Mirrlees, University of Cambridge, U.K. and Professor William Vickrey, Columbia University, New…

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Presentation Speech by Professor Lars E.O. Svensson of the Translation of the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, Robert Lucas is the social scientist who has had the greatest influence on macroeconomic research since 1970. The main objective of macroeconomic research is to study fluctuations in total production, employment and inflation.…

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11 October 1994 has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 1994, jointly to Professor John C. Harsanyi, University of California, Berkeley, CA, USA, Dr. John F. Nash, Princeton University, Princeton, NJ, USA, Professor Dr. Reinhard Selten, Rheinische Friedrich-Wilhelms-Universität, Bonn, Germany, for their pioneering analysis of…

Presentation Speech by Professor Karl-Göran Mäler of the Translation of the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, Many situations in society, from everyday life to high-level politics, are characterized by what economists call strategic interactions. When there is strategic interaction, the outcome for one agent depends not only on what that…