Nobel Prize for Economics

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Nobel Economics Winner: CEO Bonuses Are 'Too Complicated'

Oliver Hart of the UK and Bengt Holmstrom of Finland are pioneers in contract theory

(Newser) - British-born Oliver Hart and Bengt Holmstrom of Finland won the Nobel Memorial Prize in Economic Sciences for their contributions to contract theory, shedding light on how contracts help people deal with conflicting interests. The Royal Swedish Academy of Sciences said their theories "are valuable to the understanding of real-life... More »

2 Americans Win Nobel Prize in Economics

Thomas Sargent, Christopher Sims studied effects of tax cuts, interest rate hikes

(Newser) - Americans Thomas Sargent and Christopher Sims won the Nobel economics prize today "for their empirical research on cause and effect in the macroeconomy," the Royal Swedish Academy of Sciences announced. The prize committee said the winners have developed methods for answering questions such as how economic growth and... More »

Obama Fed Nominee Wins Nobel in Economics

Shares award for work on unemployment

(Newser) - Americans Peter Diamond and Dale Mortensen and British-Cypriot citizen Christopher Pissarides won the 2010 Nobel economics prize today for developing theories that help explain how economic policies can affect unemployment. The Royal Swedish Academy of Sciences says the trio won the prestigious award "for their analysis of markets with... More »

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