Economic Sciences

Banquet speech

Daniel L. McFadden’s speech at the Nobel Banquet, December 10, 2000 Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, The term “economics”, in its original Greek, means “of the hearth”, the ancient and practical science of household management. Over the millennia, the discipline has transformed itself into a grander enterprise, speaking sagely of the organization…

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