Nobel Prize

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…

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…

Presentation Speech by Professor Ragnar Bentzel of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, The basic economic problems are the same in all societies, regardless of whether these are characterized by capitalism, socialism or other types of political organization. As the supply of productive resources is limited, everywhere,…

Presentation Speech by Professor Erik Lundberg of the Translation from the Swedish text Your Majesty, Your Royal Highnesses, Ladies and Gentlemen, Hitherto the prize in Economic Science dedicated to the memory of Alfred Nobel has been awarded to researchers who have made pioneering contributions in what may be called “pure” economics. It has been awarded…

Presentation Speech by Professor Assar Lindbeck of the Translation from the Swedish text Your Majesty, Your Royal Highnesses, Ladies and Gentlemen, One of the most characteristic features of an economic system is the mutual interrelations between the various parts of the system – what is usually called the interdependence within the economic system. Such an…

Presentation Speech by Professor Ragnar Bentzel of the Translation from the Swedish text Your Royal Highnesses, Ladies and Gentlemen, In a couple of years, we shall be able to celebrate the centenary of a remarkable event in the history of economic science. In 1874, the French economist Leon Walras made an extremely important contribution to…

Presentation Speech by Professor of the Translation Your Majesty, Your Royal Highnesses, Ladies and Gentlemen. One of the tasks of economic science is to inquire into what is really happening in a world where only certain things can be directly observed. Let us consider the economic development during the last few centuries. To undertake a…

  Presentation Speech by Professor Assar Lindbeck, Stockholm School of Economics Your Majesty, Your Royal Highnesses, Ladies and Gentleman. One of the salient features of the development of economics during the last decades is the increased degree of formalization of the analytical techniques brought about partly with the aid of mathematical methods. We can perhaps…

Presentation Speech by Professor Erik Lundberg of the Translation Your Majesty, Your Royal Highnesses, Ladies and Gentlemen, In the past forty years, economic science has developed increasingly in the direction of a mathematical specification and statistical quantification of economic contexts. Scientific analysis along these lines is used to explain such complicated economic processes as economic…