Tag: Nobel Prize in Economics
Douglass C. North (November 5, 1920 – November 23, 2015)

I met Douglass C. North exactly forty-eight years ago, during the final week of 1967, when the American Economic Association was holding its annual meetings in Washington, D.C., and I went to Doug’s room at the Shoreham Hotel to be interviewed for a faculty opening at the University of Washington, where he was chairman...
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Jean Tirole, 2014 Nobel Laureate in Economic Sciences

The 2014 Nobel Prize in Economic Sciences was awarded to Jean Tirole of the Toulouse School of Economics. According to Reuters, the prize recognizes Professor Tirole’s work aimed at “taming” private business firms through governmental regulatory interventions and antitrust law enforcement. That summary is true as far as it goes. Professor Tirole indeed spent...
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James M. Buchanan (October 3, 1919 – January 9, 2013)

James M. Buchanan, one of the past century’s most distinguished economists and most compelling champions of free markets, died earlier today at age 93. His professional career spanned more than sixty years, during which he wrote extensively on public finance, economic philosophy, and other topics in related areas. With Gordon Tullock, he founded a...
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Help Wanted: Economists Who Understand the Economy

Ronald Coase, the 101-year old, Nobel Prize-winning economist from whose essay, “The Lighthouse in Economics” the Independent Institute takes its logo, is at it again: tweaking his fellow economists for being out of touch with reality in a new piece in the December 2012 Harvard Business Review (HBR), “Saving Economics from the Economists.” Economics...
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