This year’s Nobel prize in economics has gone to Douglas Diamond, Philip Dybvig and former Federal Reserve Chair Ben Bernanke for their work on banks and how they relate to financial crises. “The laureates’ insights,” said Tore Ellingsen, chair of the Committee for the Prize in Economic Sciences, “have improved our ability to avoid both serious crises and expensive bailouts.”
This year’s Nobel Prize in economics has been awarded to Canadian -born but US-based economist David Card for his work with Alan Krueger in reversing the perception that raising the minimum wage inevitably reduces the number of jobs.
The Nobel committee’s decision to award its economics prize for 2021 to David Card, Josh Angrist and Guido Imbens marks the culmination […]
Two economists whose work on how auctions work shone a much broader light on how people value and price goods and service have received the 2020 Nobel Prize in economics.
Over the last three decades randomized trials have become an increasingly popular way of testing interventions designed to address developmental challenges. But do RCTs generate reliable results – or even retard progress?
“Many people die without getting a transplant because there aren’t enough organs for the people who need them, living donor organs included. Sometimes, you might love someone enough to give him a kidney but you can’t give a kidney to the person you love, because kidneys have to be very well-matched. Kidney exchange is a way of getting some transplants done, even when patients and their donors are not well matched.”
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 (commonly known as the Nobel Prize for Economics) has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.” Through the award, the Nobel committee recognized both the significance of development economics in the world today and the innovative approaches developed by these three economists.
Two academics who have integrated what might have once seemed like non-economic externalities into economic models have been awarded the 2018 Nobel Prize in economics. The winners are William D. Nordhaus of Yale University, cited for integrating climate change into macroeconomic analysis, and Paul M. Romer of New York University’s Stern School of Business, cited doing the same with technological innovations.
Drawing on discussions with academics who have oriented their work around public engagement and social impact, Daniel Pearson suggests these academics present an opportunity to rethink the existing structures of reward and recognition in higher education. “We are, as a species, addicted to story,” says English professor Jonathan Gottschall in his book, The Storytelling Animal. “Even when the […] Tom Burns, whose combination of play — and plays – with teaching in higher education added a light, collaborative and engaging model […] A 2024 report by the National Academies explores the latest advances in artificial intelligence (AI) technology and their potential effects on economic productivity, job stability, and income inequality. It also highlights key research opportunities and data needs to help workers and policymakers adapt to the evolving AI landscape. In this post, co-authors Frank T. Piller, Tucker J. Marion, and Mahdi Srour reflect on the inspiration behind their research article, “Generative […] During the final stages of editing the proofs for Artificial Intelligence and Work: Transforming Work, Organizations, and Society in an Age of Insecurity, […]
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Impact
Young Scholars Can’t Take the Field in Game of Academic Metrics
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Canada’s Storytellers Challenge Seeks Compelling Narratives About Student Research
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Tom Burns, 1959-2024: A Pioneer in Learning Development
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Innovation
NAS Report Examines Nexus of AI and Workplace
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When Do You Need to Trust a GenAI’s Input to Your Innovation Process?
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The Authors of ‘Artificial Intelligence and Work’ on Future Risk
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