Bookmark Bookmark

2021 NOBEL MEMORIAL PRIZE IN ECONOMIC SCIENCES

2021 NOBEL MEMORIAL PRIZE IN ECONOMIC SCIENCES

Context:

USA economists Joshua Angrist, David Card, and Guido Imbens Wins 2021 Nobel Memorial Prize in Economic Sciences.

About the Award:

  • The 2021 Nobel Prize in Economic Sciences has been awarded in 2 parts, the 1st half has been awarded to David Card “for his empirical contributions to labour economics”
  • The 2nd half has been awarded jointly to Joshua D. Angrist and Guido W. Imbens “for their methodological contributions to the analysis of causal relationships.”
  • The award is officially known as the Sveriges Riksbank Prize in Economic Sciences.
  • In Memory of Alfred Nobel 2021, the laureates in economic sciences are selected by the Royal Swedish Academy of Sciences in Stockholm.
  • The winner gets a gold medal and a cash award of 10 million Swedish krona ($1.12 million).

Joshua Angrist:

  • He is an Israeli American economist and Ford Professor of Economics at the Massachusetts Institute of Technology.
  • He ranks among the world's top economists in labour economics, urban economics, and the economics of education.
  • Angrist and Imbens shared one half of the Nobel Memorial Prize in Economic Sciences "for their methodological contributions to the analysis of causal relationships.

David Card:

  • He is a Canadian American labour economist and professor of economics at the University of California, Berkeley.

Guido Imbens:

  • He is a Dutch American economist.

You might be interested:

CLEAN INDIA PROGRAMME INITIATED

CLEAN INDIA PROGRAMME INITIATED Context: Sri M.N. Nataraj, State Director, Nehru Yuva Kendra, Karnataka informed that from 1 October 2021 to 31 October 2021 Clean India programme has been launched to ...

2 months ago

BANKING DAY CELEBRATED BY INDIA POST

BANKING DAY CELEBRATED BY INDIA POST Context: The Department of Posts, Ministry of Communications, celebrated Banking Day as part of the National Post Week Celebration with Azadika Amrit Mahotsav (AKA ...

2 months ago

V.O. CHIDAMBARANAR PORT TO ESTABLISH A MULTIMODAL LOGISTICS PARK

V.O. CHIDAMBARANAR PORT TO ESTABLISH A MULTIMODAL LOGISTICS PARK Context: V.O. Chidambaranar Port, the economic engine of South Tamilnadu, has proposed the establishment of Multimodal Logistics Park d ...

2 months ago

BATHUKAMMA FLORAL FESTIVAL

BATHUKAMMA FLORAL FESTIVAL Context: The famous Bathukamma floral festival celebration has started in the state of Telangana and some parts of Andhra Pradesh About the Festival: It is a floral festiva ...

2 months ago

APEDA SIGNS MoU WITH ICAR-CENTRAL CITRUS RESEARCH INSTITUTE NAGPUR

APEDA SIGNS MoU WITH ICAR-CENTRAL CITRUS RESEARCH INSTITUTE NAGPUR Context: To increase the export of oranges and their value-added products, the Agricultural and Processed Food Products Export Develo ...

2 months ago

MINISTRY OF POWER ISSUES DIRECTIONS TO NTPC AND DVC

MINISTRY OF POWER ISSUES DIRECTIONS TO NTPC AND DVC Context: In view of the Declared Capacity (DC) power allocated to DISCOMs in Delhi over the past 10 days, the Ministry of Power has issued directive ...

2 months ago

Provide your feedback on this article: