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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.…

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Presentation Speech by Professor Ingemar Ståhl of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, The Laureate of this year, James Buchanan of George Mason University, has been awarded the Prize for his development of the contractarian and constitutional foundations for the theory of economic and political decision-making. This…

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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…