Abstracts » Economics

Asymmetric information and public economics: the Mirrlees-Vickrey Nobel Prize

Article Abstract:

Columbia University's William Vickrey, and Cambridge University's James Mirrlees have been awarded the 1996 Economics Nobel Memorial Prize. Their work may appear to focus on pure theory, but they have also deal with public policy. There are implications from the work of these economists on public policy for the problem for how to develop models to understand asymmetrical information. Their work has meant that models have been developed which decisionmakers can recognize more easily, and theory has moved closer to concrete policy topics.

Models, Analysis, Works, Information theory, Information theory in economics, Vickrey, William S., Mirrlees, James A.

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Leon Walras and the Nobel Peace Prize

Article Abstract:

The way in which Leon Walras was able to get nominated and eventually win the Nobel Peace Prize is scrutinized. It is hard to argue that Walras should top the list of nominees over Theodore Roosevelt. Walras' contributions to the theory of free trade are questionable as this forms the basis for his award.

Evaluation, Nobel Prizes, Walras, Leon

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Daron Acemoglu: 2005 John Bates Clark medalist

Article Abstract:

The interpretation of the research work of Daron Acemoglu, the winner of the John Bates Clark medal in 2005, in the field of economics is presented.

Science & research, Economics, Research, Interpretation and construction, Acemoglu, Daron

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