Archive for the Nobel Prize Category

A ray of light in these dark days: Living standards have risen far more than we think

A ray of light in these dark days: Living standards have risen far more than we think

The media seems full of gloom at the moment. Chaos over Brexit, Saudi Arabia, potential nuclear escalation between the US and Russia – you name it, people are worried about it. A ray of light is shone – an apt phrase as you will see – by

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Can we innovate better outside the EU? Economic lessons from the Nobel prize winner

Can we innovate better outside the EU? Economic lessons from the Nobel prize winner

Gordon Brown’s time as chancellor will be remembered for many things. A sense of humour would be conspicuously absent from this list. But he provoked a great deal of mirth unintentionally in a speech shortly before the 1997 General Election on the theme of “post-neoclassical endogenous growth theory”.

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Behavioural economics has had its Nobel moment, but take it with a pinch of salt

Behavioural economics has had its Nobel moment, but take it with a pinch of salt

Behavioural economics has received the ultimate accolade. Richard Thaler of the University of Chicago Business School has been awarded the Nobel Prize in economics for his work in this area. Economics over the past 20 to 30 years has become far more empirical. Leading academic journals do

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Thomas Schelling – a true polymath of genius

Thomas Schelling - a true polymath of genius

Thomas Schelling is probably best known in economics for his contributions to game theory. Indeed the citation for his 2005 Nobel Prize states it was for “having enhanced our understanding of conflict and cooperation through game theory analysis”. In the early, tense years of the Cold War

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