Could Distributed Peer Review Better Decide Grant Funding?
The landscape of academic grant funding is notoriously competitive and plagued by lengthy, bureaucratic processes, exacerbated by difficulties in finding willing reviewers. Distributed […]
Robert E. Lucas Jr., 1937-2023: Nobel Laureate and Pioneer of Rational Expectations
Robert “Bob” Lucas Jr., an economist, educator and Nobel Prize in Economics laureate, died May 15. He was 85.
What Can This Year’s Nobel Prize Winners in Economics Teach Us About Crises?
This year’s Nobel prize in economics has gone to Douglas Diamond, Philip Dybvig and former Federal Reserve Chair Ben Bernanke for their work on banks and how they relate to financial crises. “The laureates’ insights,” said Tore Ellingsen, chair of the Committee for the Prize in Economic Sciences, “have improved our ability to avoid both serious crises and expensive bailouts.”
Nobelist David Card Made the Minimum Wage Respectable
This year’s Nobel Prize in economics has been awarded to Canadian -born but US-based economist David Card for his work with Alan Krueger in reversing the perception that raising the minimum wage inevitably reduces the number of jobs.
2021 Nobels in Economics a Victory in the Credibility Revolution
The Nobel committee’s decision to award its economics prize for 2021 to David Card, Josh Angrist and Guido Imbens marks the culmination […]
Auction Theorists Win 2020 Economics Nobel
Two economists whose work on how auctions work shone a much broader light on how people value and price goods and service have received the 2020 Nobel Prize in economics.
Questioning Randomized Controlled Trials and Development Economics
Over the last three decades randomized trials have become an increasingly popular way of testing interventions designed to address developmental challenges. But do RCTs generate reliable results – or even retard progress?
Nobel Laureate Alvin Roth: Economics Can Save Lives
“Many people die without getting a transplant because there aren’t enough organs for the people who need them, living donor organs included. Sometimes, you might love someone enough to give him a kidney but you can’t give a kidney to the person you love, because kidneys have to be very well-matched. Kidney exchange is a way of getting some transplants done, even when patients and their donors are not well matched.”
Economics Nobel 2019: Why Banerjee, Duflo and Kremer Won
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 (commonly known as the Nobel Prize for Economics) has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.” Through the award, the Nobel committee recognized both the significance of development economics in the world today and the innovative approaches developed by these three economists.
