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11 October 1989 THIS YEAR’S LAUREATE IN ECONOMICS SHOWED HOW ECONOMIC THEORIES CAN BE TESTED has decided to award the 1989 Alfred Nobel Memorial Prize in Economic Sciences to Professor Trygve Haavelmo, Oslo, Norway, for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures. Summary This year’s prize…

The field of econometrics is concerned with estimating economic relations and testing whether postulated relations conform fully with reality. In an article in Econometrica in 1943 and in his doctoral thesis entitled, The Probability Approach in Econometrics (1944), Haavelmo showed that the results of many of the methods used thus far had been misleading. Earlier…

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I was born on August 10, 1913 in Lorenzkirch a small village in Saxony, as the forth child of Theodor and Elisabeth Paul nee Ruppel. All in all we were six children. Both parents were descendants from Lutheran ministers in several generations. I grew up in München where my father has been a professor for…

Pâté d´anguille fumée et de sole Sauce aux œufs d´ablette Petit pain Nobel Dos d´élan mariné Sauce d´airelles à la crème Julienne de légumes à la bretonne Parfait Glace Nobel Petits fours VINS Moët & Chandon Brut Impérial 1982 Medoc, Baron Philippe de Rothschild Sélection Nobel Eau minérale Ramlösa Café BUFFET Petite Liqueur par Moët…

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has decided to award the 1989 Nobel Peace Prize to the 14th Dalai Lama, Tenzin Gyatso, the religious and political leader of the Tibetan people. The Committee wants to emphasize the fact that the Dalai Lama in his struggle for the liberation of Tibet consistently has opposed the use of violence. He has instead advocated…

Presentation Speech by Egil Aarvik, Chairman of the The Nobel Peace Prize is one of six awards bearing the name Alfred Nobel that are presented today. Five of these awards are made in Stockholm, and the Norwegian Nobel Committee would like to take this opportunity to congratulate the laureates who will be honoured in the…