At the end of the Nobel Prize announcements, three researchers from the USA and Canada were awarded the Nobel Prize for Economics. The economists David Card, Joshua Angrist and Guido Imbens share the honors this year with ten other award winners in the other prize categories.
The Nobel Prize for Economics this year goes to the three economists researching in the USA, David Card, Joshua Angrist and Guido Imbens. This was announced by the Royal Swedish Academy of Sciences in Stockholm on Monday. With their work, the researchers gave “new insights into the labor market” and showed what conclusions could be drawn from the cause and effect of experiments.
The Canadian-born Card receives half of the prestigious award for his empirical contributions to labor economics, as the Academy’s Secretary General, Göran Hansson, said at the announcement. Angrist from the US state of Ohio and the Dutch-American scientist Imbens share the other half for their methodological contributions to the analysis of causal relationships. All Nobel Prize winners for this year have been named.
So far a German has been awarded
The Nobel Prize for Economics, which has been awarded since the late 1960s, is the only one that does not go back to the will of the prize sponsor and dynamite inventor Alfred Nobel (1833-1896). It was donated by the Swedish Central Bank and, strictly speaking, is not one of the classic Nobel Prizes. Nevertheless, it will be presented together with the other prizes on the anniversary of Nobel’s death, December 10th.
So far, only one German has been among the Nobel laureates in economics: the Bonn scientist Reinhard Selten received it in 1994 together with John Nash and John Harsanyi for their pioneering contributions to non-cooperative game theory. Scientists from the USA are particularly often honored with the economics award. Last year it went to the US economists Paul R. Milgrom and Robert B. Wilson, who were honored for their improvements in auction theory and the invention of new auction formats.
The chosen ones in the categories medicine, physics, chemistry, literature and peace had already been announced last week. Among them were two Germans, the meteorologist Klaus Hasselmann in physics and the chemist Benjamin List. All prizes are once again endowed with ten million Swedish kronor for each category – this corresponds to almost one million euros.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
