Presentation Speech by Professor Erik Lundberg of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, Economic reality as it appears in the course of the year can be regarded as innumerable transactions (billions and billions of them) between buyers and sellers. Methods of systematic summary and aggregation have to…

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  Presentation Speech by Professor Karl-Göran Mäler of the has decided to Royal Academy of Sciences Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, This year’s prize in economics has been awarded for contributions to a topic which lies at the very core of the science, the theory of general…

I was born in 1921 in Calais, France, the son of Camille Debreu and Fernande (née Decharne) Debreu. My father was the business partner of my maternal grandfather in lace manufacturing, a traditional industry in Calais. My paternal grandfather managed, until his retirement, the printing plant he had created in the small town of Marquise…

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I was born in Renton, a suburb of Seattle, Washington, in 1911. I was the only child of Joseph and Elizabeth Stigler, who had separately migrated to the United States at the end of the 19th century, my father from Bavaria and my mother from what was then Austria-Hungary (and her mother was in fact…

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Presentation Speech by Professor Lars Werin of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, Every science is a mixture of tradition and change. In the science of economics, tradition is represented by the basic theory of markets and price formation which originated over 200 years ago with Adam…