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  Leonid Hurwicz, University of Minnesota, Minneapolis, MN, USA. Eric S. Maskin, Institute for Advanced Study, Princeton, NJ, USA , University of Chicago, IL, USA   Introductury scientific articles Baliga, S. and E. Maskin (2003): “Mechanism design for the environment”, in K. Mäler and J. Vincent (eds.), Handbook of Environmental Economics. Elsevier Science, Amsterdam. Serrano,…

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Press release

English 9 October 2006 has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2006 to Edmund S. Phelps Columbia University, NY, USA “for his analysis of intertemporal tradeoffs in macroeconomic policy”. Short run – Long run The work of Edmund Phelps has deepened our understanding of the relation…

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The Prize in Economic Sciences 2006 Full employment, stable prices and rapid growth are central goals of economic policy. But policy always faces difficult goal conflicts. How should inflation and unemployment be balanced against each other? What tradeoff should be made between the consumption of current and future generations? Edmund S. Phelps has advanced our…

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