Presentation Speech by Professor Ingemar Ståhl of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, In 1943, during the dark years of German occupation, a remarkable work in economic theory was published in France. The title was A la Recherche d’une Discipline Economique and the author was a 32…

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18 October 1988 has decided to award the 1988 Alfred Nobel Memorial Prize in Economic Sciences to Professor Maurice Allais, Ecole Nationale Supérieure des Mines de Paris, France, for his pioneering contributions to the theory of markets and efficient utilization of resources. One of the principal tasks of basic research in economics is to formulate…

The field of econometrics is concerned with estimating economic relations and testing whether postulated relations conform fully with reality. In an article in Econometrica in 1943 and in his doctoral thesis entitled, The Probability Approach in Econometrics (1944), Haavelmo showed that the results of many of the methods used thus far had been misleading. Earlier…

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My youthI was born May 31, 1911, in Paris. My parents owned a small cheese shop, and my maternal grandfather was a carpentry worker. I thus came from what is commonly known as the working class. In August 1914, my father was called to war, and then taken prisoner. He died in captivity in Germany…

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21 October 1987 has decided to award the 1987 Alfred Nobel Memorial Prize in Economic Sciences to Professor Robert M. Solow, Massachusetts Institute of Technology, Cambridge, USA, for his contributions to the theory of economic growth. The study of the factors which permit production growth and increased welfare has been a central feature in economic…

I was born in Brooklyn, New York on August 23, 1924, the oldest of three children. My parents were themselves the children of immigrants. They had to earn a living as soon as they finished secondary school. So my sisters, my cousins and I were the first generation of our family to attend a university.…

Presentation Speech by Professor Karl-Göran Mäler of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, Economic growth has in a dramatic way transformed the society and given us possibilities and freedom that only a few generations ago were not thought of. For better or worse the situation for man…