Swedish har beslutat utdela Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne år 1995 till Professor Robert E. Lucas, Jr., University of Chicago, USA för att ha utvecklat och tillämpat hypotesen om rationella förväntningar och i grunden förändrat makroekonomisk analys och synen på ekonomisk politik. Rationella förväntningar har revolutionerat makroekonomisk analys och synen…

This text is adapted from “Leonid Hurwicz’s Game”, by Ann Bauer. Reprinted with permission from the author and Twin Cities Business magazine. Professor Hurwicz says that he is simply a product of his history. He knows from experience how circumstances change when people don’t abide by the rules of the game. “I cannot tell you…

Swedish 10 oktober 2016 har beslutat utdela Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne 2016 till Oliver Hart Harvard University, Cambridge, MA, USA och Bengt Holmström Massachusetts Institute of Technology, Cambridge, MA, USA ”för deras bidrag till kontraktsteorin” Kontrakt i långt och kort Den moderna ekonomin hålls samman av oräkneliga kontrakt. De…

English 10 October 2016 has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 to Oliver Hart Harvard University, Cambridge, MA, USA and Bengt Holmström Massachusetts Institute of Technology, Cambridge, MA, USA “for their contributions to contract theory” The long and the short of contracts Modern economies are…

The Prize in Economic Sciences 2016 Contracts are essential to the functioning of modern societies. Oliver Hart’s and Bengt Holmström’s research sheds light on how contracts help us deal with conflicting interests. Contract theory Contracts help us to be cooperative and trusting when we may otherwise be disobliging and distrusting. As employees, we have employment…

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Swedish 12 oktober 2015 har beslutat utdela Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne 2015 till Angus Deaton Princeton University, NJ, USA “för hans analys av konsumtion, fattigdom och välfärd”. För att utforma en ekonomisk politik som ökar välfärden och minskar fattigdomen måste vi förstå individernas konsumtionsval. Angus Deaton har mer än…

English 12 October 2015 has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 to Angus Deaton Princeton University, NJ, USA “for his analysis of consumption, poverty, and welfare”. To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. More…

The Prize in Economic Sciences 2015 The consumption of goods and services is a fundamental part of people’s welfare. The Laureate, Angus Deaton, has deepened our understanding of different aspects of consumption. His research concerns issues of immense importance for human welfare, not least in poor countries. Deaton’s research has greatly influenced both practical policymaking…

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