Discover 9 opportunities in Nobel Prize

The prestigious 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, better known as the Nobel Prize for Economics, has been awarded to three American economists: Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig. The prize, awarded by the Royal Swedish Academy of Sciences, was given to these economists for their contributions to “research on banks and financial crises”. The Prize notes that these three economists laid the groundwork for this research in the early 1980s.

Esther Duflo is something of a rarity in her field, and not just for being the youngest ever recipient of the Nobel Prize in Economics, or the second only female winner. Her pioneering research also sets her apart. Eschewing the grand theory model favoured by her contemporaries, Duflo has carved out her own academic path, pursuing a rigorous analysis of - in her own words - ‘the pieces that comprise the whole’. In practice, this has found form in painstakingly carried out field experiments, primarily in the third world, that have focused on microeconomic issues like household behaviour, access to finance, and education. Her motivation: a long-held commitment to the alleviation of poverty. 

The announcement of the Nobel Prize in Economics 2018 could not have been timed better. It took place just 24 hours after the release of the Intergovernmental Panel on Climate Change’s (IPCC) stark warning that only 12 years now remain for global warming to be kept to a minimum of 1.5C, beyond which catastrophe looms. Rather appropriately, considering the admonishment, the gong was jointly awarded to Americans William Nordhaus and Paul Romer for their research into, as put by Swedish Academy, two of the most ‘basic and pressing’ economic issues of our time: ‘long-term sustainable growth and the welfare of the world’s population’.

The Nobel Prize for Economics, the most prestigious prize in the field, has been awarded this year to American economist Richard Thaler. The prize, fully titled The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was announced by The Royal Swedish Academy of Sciences and will be awarded in a ceremony in Stockholm in December.