Tag: nobel prize in economics

2026 Economics Nobel Prize: Putting the humanity in macroeconomics

October 15, 2026 admin

Most people view macroeconomics as a result of the mechanical tweaking of some variables to alter other variables. For example, if aggregate consumer demand is down, there is immediately a call for lower interest rates and higher government doles. Similarly, when demand outstrips supply, then the call is the opposite: raise interest rates and cut…

Business

The 2026 Nobel-winning insights into how Govts should stabilise economies

October 12, 2026 admin

The 2026 Nobel Prize for Economics has been jointly awarded to American economists Robert E. Hall and Michael Woodford for providing an empirical foundation for determining how governments should incorporate the demand behaviour of households and the supply and pricing behaviour of companies when devising policies to stabilise the economy. According to the citation of…

Business

Trio Wins 2024 Nobel Prize In Economics For Work On Wealth Inequality

October 14, 2024 admin

Stockholm: The Nobel Prize in Economics was awarded on Monday to Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson for research into wealth inequality between nations. By examining the various political and economic systems introduced by European colonisers, the three have been able to demonstrate a relationship between institutions and prosperity, the jury…

World