A past Nobel Prize for economics winner on his honor
The Royal Swedish Academy of Sciences announced that American economists Thomas J. Sargent and Christopher A. Sims will be awarded this year’s Nobel Prize in economics this morning. University of Chicago professor Roger Myerson won the prize in 2007 for his contribution to the mechanism design theory, which allows economists to identify efficient trading mechanisms, regulation schemes, and voting procedures to keep markets vibrant. Myerson discusses what the honor means both personally, and to the field of economics. The issue of how awards for contributions which have timeless value relates to current events is discussed.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!