Readers & Thinkers: The 2018 Nobel Prize in Economics. Ideas and Hot Air
Dear All: Well, who won? The Nobel prize for economic sciences for 2018 was announced today, October 8, 2018. It went to Paul Romer and William Nordhaus. Romer is 62 years old and was born in Denver, Colorado. He obtained his BA, MA, and Ph.D. from the University of Chicago. The work that launched his career in growth theory was started as a Ph.D. student at Chicago and was completed while an Assistant Professor at the University of Rochester. He is now a Professor at New York’s Stern’s School of Business. Nordhaus is 77 years old and was...
read moreReaders & Thinkers: The 2018 Nobel Prize in Economics. Prediction
Dear All: This week begins the annual announcement of Nobel Prizes in a variety of fields. The economics Nobel prize will be announced on October 8, 2018. Last Year’s Winner Last year, the prize was given to Richard Thaler “for his contributions to behavioral economics.” Who will win in 2018? As I’ve said before, it’s just too hard to predict anymore (or I’m just too lazy to do the work required). Having said that, the Nobel Committee could get political and award it to someone in international economics (given all the discussion of...
read moreReaders & Thinkers: The 2017 Nobel Prize in Economics. Most People are Human
Dear All: Well, who won? The Nobel prize for economic sciences for 2017 was announced today, October 9, 2017. It went to Richard Thaler. Thaler is 72 years old and was born in East Orange, New Jersey. He obtained his BA from Case Western Reserve University and his M.A. and Ph.D. from the University of Rochester. The work that set his career as a behavioral economist was done while a professor at Cornell University. He is now a professor at the University of Chicago. I did not think that Thaler would win the Nobel prize, even though many...
read moreReaders & Thinkers: The 2017 Nobel Prize in Economics. Prediction
Dear All: This week begins the annual announcement of Nobel Prizes in a variety of fields. The economics Nobel prize will be announced on October 9, 2017. Last Year’s Winner Last year, the prize was given to Oliver Hart and Bengt Holmstrom “for their contributions to contract theory”. Who will win in 2017? As I’ve said before, it’s just too hard to predict anymore. So instead I’ll talk a bit about people that the Nobel committee missed. One of those was William Baumol. He died on May 4, 2017. He was most well-known for his...
read moreReaders & Thinkers: The 2016 Nobel Prize in Economics. Sign Here Please
Dear All: Well, who won? The Nobel prize for economic sciences for 2016 was announced today, October 10, 2016. It went to Oliver Hart and Bengt Holmstrom. Hart is 68 years old and was born in London, England. He obtained his BA from Cambridge University, his MA from Warwick University, and his Ph.D. from Princeton University. Although he did work in general equilibrium theory early in his career, the work that won him the Nobel Prize was done while a professor at MIT. He is now a professor at Harvard University. Holmstrom is 67 years old...
read moreReaders & Thinkers: The 2016 Nobel Prize in Economics. Prediction
Dear All: This week begins the annual announcement of Nobel Prizes in a variety of fields. The economics Nobel prize will be announced on October 10, 2016. Last Year’s Winner Last year, the prize was given to Angus Deaton for “for his analysis of consumption, poverty, and welfare”. Who will win in 2016? For many years now, I have believed that guessing the winner of the Nobel Prize has become more difficult and will become even more difficult for a variety of reasons. Nevertheless, some of my readers have enjoyed the process of...
read moreReaders & Thinkers: The 2015 Nobel Prize in Economics. How Much Do You Want It?
Dear All: Well, who won? The Nobel prize for economic sciences for 2015 was announced today, October 12, 2015. It went to Angus Deaton. Deaton is 69 years old and was born in Edinburgh, Scotland. Much of his early work in consumption theory was done while a professor at the University of Bristol. He is now a Professor of Economics and International Affairs at Princeton University. He obtained his B.A., M.A., and Ph.D. from Cambridge University. The name Deaton isn’t a name everyone knows, but within academic economics, his name is very well...
read moreReaders & Thinkers: The 2015 Nobel Prize in Economics. Prediction
Dear All: Monday, October 5, 2015 marks the beginning of a series of announcements about Nobel Prizes in a variety of fields. The first announcement will be the Nobel prize in Medicine. The Nobel prize in Economics will be announced on October 12, 2015. Last Year’s Winner Last year, the prize was given to Jean Tirole for“for his analysis of market power and regulation”. Jean Tirole obtained his Ph.D. from MIT. For those curious about the early work of Jean Tirole and other Nobel prize winners from MIT, go to:...
read moreReaders & Thinkers: The 2014 Nobel Prize in Economics. Market Behavior and Remedies
Dear All: Well, who won? The Nobel prize for economic sciences for 2014 was announced today, October 13, 2014. It went to Jean Tirole. Tirole is 61 years old, born in France and Scientific Director at the Institut d’Economie Industrielle in Toulouse, France. Much of his key work was done while a professor at the Massachusetts Institute of Technology. He obtained his engineering degree from Ecole Polytechnique and his Ph.D. in economics from the Massachusetts Institute of Technology. Tirole was expected to win the Nobel prize one day. He...
read moreReaders & Thinkers: The 2014 Nobel Prize in Economics. Prediction
Dear All: The 2014 Nobel prize for economic sciences will be announced on Monday, October 13, 2014. Last Year’s Winner Last year, the prize was given to Eugene Fama, Lars Hansen, and Robert Shiller for their empirical analysis of asset prices. Who will win in 2014? The pool of obvious candidates has considerably thinned and thus it’s becoming increasingly more difficult to pick the winners in any given year. History and development are fields that could possibly win and William Baumol and Dale Jorgenson aren’t getting any younger....
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