Alvin Roth (left) and Lloyd Shapley were awarded the 2012 Nobel Prize for Economics. Prices are often the easiest way to create an efficient market–the person willing to pay the most gets the thing ...
Would you let an economist set you up on a date? Economics is often associated with the idea of money. But the field extends beyond what can be (or should be) monetized. In the 1960s, researchers ...
The World Economic Forum ‘Future of Jobs Report 2018’ presents a picture of a world gearing up for its fourth industrial revolution. While the first three revolutions were powered by the steam engine, ...
“They’ve been talked about as likely winners for a long time now, so it’s not really a huge surprise they’ve been chosen,” Princeton economics professor Dilip Abreu GS ’83 said. “It was a matter of ...
Economics is closely associated with the idea of money, but economic life extends beyond what can be or is monetized, as shown by the winners of this year’s economics Nobel Prize, Lloyd Shapley of ...
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