Archive for October 10th, 2011

Nobel 2011 goes to Thomas Sargent and Christopher Sims

October 10, 2011

The blog post on predictions did mention Sargent but missed on Sims. Both have been on the perennial waiting list.

Anyways, both have got the prize for 2011:

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2011 was awarded jointly to Thomas J. Sargent and Christopher A. Sims “for their empirical research on cause and effect in the macroeconomy”

Sargent is from NYU and Sims from Princeton..

As always useful stuff from Nobel Website on their works:


XLRI establishes a behavioral sciences lab

October 10, 2011

BS carries an article today on this initiative by XLRI – India’s premier B-school.

It has set up a behavioral lab to study why people buy/consume in India:


Why nations fail? Interview/Profile of Daron Acemoglu

October 10, 2011

I recall reading about how Joseph Stiglitz was the most prolific economist with something like 600 papers with CV running in 59 pages. This was was 2008 so it could be in the 65th page as he has written so much since then as well. It was felt no one could Stiglitz on this paper writing activity.

But then as you start thinking that this record will stay comes  someone who breaks it in quick time. Take Tennis. Emerson’s Grand Slam record (12 titles) was broken by Sampras (14), Sampras by Federer (16 by now) and Federer’s could be broken by Nadal/Djokovic. Michael Schumaker’s record could be broken by Vettel and may be someone has the courage to challenge T’kar’s record.

In similar vein we have Daron Acemoglu of MIT who could challenge Stiglitz in coming years. He writes papers faster than anyone can think and on variety of topic and most are ore than 50 odd pages. Anytime you check his profile page and you get some 4-5 new papers. Most papers are so good that it leaves you gasping. Harvard  Economics Nobel Prize Pool forecasts him winning the Prize in 2020 by a wide margin.


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