Nobel Prize

Your Majesties, Your Royal Highnesses, Ladies and Gentlemen: Robert Kennedy once said, “Some men see things as they are and ask why. I dream of things that never were and ask why not.” Those words reveal a deep truth about Kennedy: he was an economist at heart – startling though that may…

In the mid 20th century, economists found themselves in need of a new theoretical framework with which to tackle the comparison of fundamentally different types of economic organization, such as capitalist and socialist institutions. Discussions between the likes of Oskar Lange and led to the development of the idea that economic institutions could be viewed…

In a remarkably succinct, ten-page article published in 1979, Paul Krugman proposed a new trade model that changed the way economists view the international exchange of goods. At the heart of the model lay two concepts that reflected the general twentieth century trend towards having more: the increased production of goods, leading to economies of…

The 2009 Sveriges Riksbank Prize for Economic Sciences is concerned with the basic question of where best to conduct transactions; in the open market, within firms, or among self-regulating groups of individuals. Elinor Ostrom has made extensive studies of the management of common property by groups of common owners, contrasting that with management by state…

If you have ever tried to find a job, or to buy or rent a house, you will know that such undertakings are not without their ‘inefficiencies’, or, as economists like to term them, their frictions. The same goes for those trying to fill jobs, or sell homes: although the perfect employee or buyer might…

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From Cashews to Nudges: The Evolution of Behavioral Economics https://www.youtube.com/watch?v=ej6cygeB2X0 Richard H. Thaler delivered his Prize Lecture on 8 December 2017 at the Aula Magna, Stockholm University. He was introduced by Professor Magnus Johannesson, Member of the Economic Sciences Prize Committee. Pdf 13 MB Pdf 1.5 MB Copyright © Richard H. Thaler Pdf 892 KB…

Pdf 1.4 MB Copyright © Oliver Hart Pdf 2.5 MB

Pdf 333 kB Copyright © Bengt Holmström Pdf 2.5 MB