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…

Presentation Speech by Professor Ragnar Bentzel of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, This year’s prize in Economic Sciences has been awarded to Professor Franco Modigliani for his construction and development of the theory of household saving known as the life-cycle hypothesis and for his contributions to…

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…

  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…

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…

Presentation Speech by Professor Assar Lindbeck of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, One of the most common prejudices among ordinary people concerning economics is that it is mainly about money and finance. However, in the case of this year’s prize in economics, this conception is in…

Presentation Speech by Professor Herman Wold of the Translation from the Swedish text Your Majesty, Your Royal Highnesses, Ladies and Gentlemen. The great economic depression in the early and mid-1930’s marks the beginning of a new epoch in economic politics and economic science. The scourge of unemployment was severe and lasting, until it was swamped…

Presentation Speech by Professor Erik Lundberg of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, Economic development research covers a wide sector of economics. What it is concerned with ultimately is why some countries are rich and others poor, why some countries seem to be caught in a vicious…

Presentation Speech by Professor Assar Lindbeck of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, The question why individuals, firms and nations exchange goods and services with each other, and how these processes are influenced by government policies, may be regarded as the basic issue in the science of…

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…