Economic Sciences

Biographical

My grandfathers were both immigrants to the US, one from Estonia, then part of the Russian empire, and the other from England. The Estonian, William Morris Leiserson, was Jewish. He fled Estonia in 1890 at the age of seven, through a forest in the dark of night, with his mother and two brothers. The family…

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Press release

14 October 1975 has decided to award the Prize in Economic Science in Memory of Alfred Nobel for 1975 in equal shares to Professor Leonid Kantorovich, USSR, and Professor Tjalling C. Koopmans, USA, for their contributions to the theory of optimum allocation of resources. Optimum Allocation of Resources Leonid Kantorovich and Tjalling Koopmans have both…

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Popular information

English Information for the Public 11 October 2004 Finn Kydland and Edward Prescott have made fundamental contributions to the research area known as macroeconomics. In a highly innovative way, the Laureates have analyzed the design of economic policy and the driving forces behind business cycles. Their work has not only transformed economic research, but has…

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Press release

15 October 1985 THIS YEAR’S ECONOMICS PRIZE AWARDED FOR PIONEERING STUDIES OF SAVING AND OF FINANCIAL MARKETS has decided to award the l985 Alfred Nobel Memorial Prize in Economic Sciences to Professor Franco Modigliani, Massachusetts Institute of Technology, USA, for his pioneering analyses of saving and of financial markets. Franco Modigliani’s research has been primarily…

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