16 October 1978 STUDIES OF DECISION-MAKING LEAD TO PRIZE IN ECONOMICS has decided to award the 1978 Alfred Nobel Memorial Prize in Economic Sciences to Professor Herbert A. Simon, Carnegie-Mellon University, USA, for his pioneering research into the decision-making process within economic organizations. Simon’s scientific output goes far beyond the disciplines in which he has…

Presentation Speech by Professor Sune Carlson of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, In Saint Exupéry’s book Le Petit Prince, there is a delightful story about how the little prince during his journey through the cosmos visits a planet inhabited by an old and learned man. He…

I was born into an upper-middle class family in a village in the South of Sweden in April, 1899. It was a large family with seven children, a large house and a home which was very hospitable and open to friends and relatives. There was a private school which was not very particular about the…

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Born on 23 June 1907, I was brought up in the City of Bath in England. At school – Lambrook School (1917-1921) and Malvern College (1917-1926) – my education was concentrated on the Latin and Greek languages. At the university – Oriel College, Oxford (1926-1930) – I continued my classical education until 1928. I then…

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14 October 1976 THIS YEAR’s ECONOMICS PRIZE TO AN AMERICAN has decided to award the 1976 Prize in Economic Sciences in Memory of Alfred Nobel to Professor Milton Friedman, University of Chicago, Illinois, USA, for his achievements in the fields of consumption analysis, monetary history and theory, and for his demonstration of the complexity of…

Presentation Speech by Professor Erik Lundberg of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, To a considerable extent, economists are concerned with questions of economic policy; how and why governments, in their efforts to solve crises, constantly create new complications inside and between countries. For the analysis and…