Stock Groups

Card, Angrist and Imbens win 2021 Nobel economics prize By Reuters

by Mike Robinson

[ad_1]

2/2
© Reuters. FILEPHOTO: A view from the outside of Norway’s Nobel Institute. It features a bust od Alfred Nobel. This was taken in Oslo on September 14th, 2021. REUTERS/Nora Buli

2/2

STOCKHOLM, (Reuters) – Economists Joshua Angrist, David Card and Guido Imbens have been awarded the Nobel Economics Prize 2021, according to the Royal Swedish Academy of Sciences on Monday.

This prize is also known as the Sveriges Riksbank Prize for Economic Sciences in Memory Alfred Nobel. It sees 10 million Swedish Crowns (or $11.4 million) divided among the winner.

The academy awarded half of the prize to Canada-born Card “for his empirical contributions in labour economics”. Angrist, Imbens and the rest of the prize went to Imbens “for their methodological contributions in the analysis causal relations”.

Alfred Nobel, a wealthy Swedish businessman and inventor of dynamite, created the prestigious Nobel Prizes for Achievements in Science, Literature and Peace.

These prizes have been handed out since 1901. However, the economics prize was added in 1969 after a gift from Sweden’s central banking.

Although the award for economics has been largely overlooked by the many well-known winners of literature and peace prizes, it is home to a variety of highly influential economists over the years like Milton Friedman from the USA and Friedrich August von Hayek from Austria.

($1 = 8.7275 Swedish crowns

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses or other consequences arising from the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damage arising from the use of this information, including chart data and signals to buy/sell, contained on this site. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]