Nobel Prize in Economics

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2 Americans Win Econ Nobel, Including 1st Woman

Professors cited for research into economic governance

(Newser) - The Nobel Prize in economics was awarded today to two US professors—one of whom is the first woman ever to win the prize—for their research into decision making in structures outside of markets. Elinor Ostrom, of the University of Indiana, was cited for her study of the commons,...

US Too Scared to Take On Monster Banks: Stiglitz

it's 'outrageous' bonuses aren't being curtailed, says economist

(Newser) - Underlying financial problems posed by ever-growing monster banks are worse now than before the economic crisis, but the Obama administration is reluctant to take them on, warns a Nobel Prize-winning economist. The so-called "too-big-to-fail banks" have become even bigger, and their troubles will further threaten the economy, Columbia University...

Reappoint Bernanke: Krugman
 Reappoint Bernanke: Krugman 
Aug 10, 2009 11:21 AM CDT

Reappoint Bernanke: Krugman

(Newser) - If there’s any justice, Ben Bernanke will get another go-around at the helm of the Federal Reserve, Paul Krugman tells Bloomberg. “He’s earned the right to a second term,” the Nobel laureate says. “When the banking system failed to deliver capital where it was needed,...

NYT's Krugman Wins Nobel Economic Prize

Globalization expert blames Bush for current crisis

(Newser) - Paul Krugman was awarded the Nobel Prize for Economics this morning, Reuters reports, in recognition for his work on globalization and free trade. Krugman, a New York Times columnist, Princeton professor, and staunch Bush critic, has long been a favorite for the award, but says it came as a surprise...

From Clerk to Rogue Trader to Facebook Laughingstock

SocGen fraudster's woes include poking

(Newser) - You don’t need a fancy education to lose $7.2 billion and become an Internet laughingstock. In the clubby world of French banking, Société Générale traders are usually the Gallic equivalent of Ivy League MBAs, but Jérôme Kerviel, a lowly biz school grad, worked...

3 Americans Share Nobel in Economics

Prize awarded for mechanism design theory

(Newser) - Americans Leonid Hurwicz, Eric Maskin, and Roger Myerson have won this year’s Nobel Prize in economics for developing "mechanism design theory,"  which indicates when markets are working effectively, Reuters reports. The theory can be used to assess the factors which make individuals and corporations deviate from...

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