Nobel Prize

English Information for the Public Traditionally, economic theory has relied on the assumption of a “homo œconomicus”, whose behavior is governed by self-interest and who is capable of rational decision-making. Economics has also been regarded as a non-experimental science, where researchers – as in astronomy or meteorology – have had to rely exclusively on field…

Swedish Populärvetenskaplig information Nationalekonomisk teori har traditionellt byggt på antagandet om en “homo œconomicus” vars handlande styrs av egenintresse och rationalitet. Ekonomi har också setts som en icke-experimentell vetenskap, där forskare – liksom inom astronomi och meteorologi – varit begränsade till data “från fältet”, dvs. direkta observationer av verkligheten. Bilden har dock förändrats under de…

Interview transcript Oliver Hart: Hello. Adam Smith: Hello, this is Adam Smith, calling from Nobelprize.org the official website of the Nobel Prize in Stockholm, Sweden. OH: Yes. AS: Congratulations on the award of the Prize. OH: Thank you very much, I’m absolutely thrilled. AS: How did…

Interview transcript Bengt Holmström: Hello. Adam Smith: Oh, hello. May I speak to Professor Holmström please? BH: Speaking. AS: Ah, this is Adam Smith calling from Nobelprize.org, the official website of the Nobel Prize in Stockholm. Congratulations on the Prize in Economic Sciences. BH: Yes, thank…

Your Majesties, Your Royal Highnesses, Ladies and Gentlemen When I was a teenager I learned to play the trumpet. Music became my passion. Then, when I was in college at Amherst, my father asked me a favor: to take one course in economics. I loved it – for the challenge of its…

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Artist: Ingegerd Möller Calligrapher: Annika Rücker Photo reproduction: Fredrika Berghult