Nobel Prize Economics News

American Economists’ Work on Climate Change, Benefits of Technology Earn Nobel Prize

Americans William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize on Monday. In a joint award that turned the …

Nobel Prize Awarded to ‘Nudge’ Theorist, Behavioral Economist Thaler

University of Chicago’s Richard H. Thaler, one of the founders of behavioral economics and finance, was awarded the 2017 Nobel Prize in Economics for shedding light on how human weaknesses such as a lack of rationality and self-control can ultimately …