Sunday, October 12, 2014

In Stockholm today will name the winner of the Nobel Prize in Economics – Radio Echo of Moscow

This is the last in this year’s award, which is named after the great Swedish scientist.

The Nobel Prize in economics has traditionally been considered one of the most unpredictable. Among the possible contenders for the honorable award company Thompson Reuters called tandem American William Baumol and Israeli Israel Kirzner. They can award for the development of models of the theory of entrepreneurship and markets. Both economists have quite an advanced age. 92 Baumol and Kirzner ’84. Perhaps they will be awarding a kind symbolic gesture, do not exclude observers. However, the premium can reach the other tandem: a French economist Philippe Aghion and his Canadian counterpart Peter Howitt. For his contribution to the theory of Austrian Schumpeter on economic growth. Translated into more understandable language it sounds like: the crisis – a time of opportunity. And economic growth is manifested as a result of factors, most of which are considered to be negative. Another candidate for the Nobel Prize – American Mark Granovetter. It can be noted for pioneering research in the field of economic sociology.

In last year’s Nobel Prize for economy received just three: It’s Eugene Fama, Lars Hansen and Robert Shiller. The jury noted their work relating to the empirical analysis of asset prices. Studies allow to predict stock price movements in the long term.

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