Americans win Nobel Prize in economics for work on auctions

World Oct 12, 2020

Americans win Nobel Prize in economics for work on auctions

Americans Paul R. Milgrom and Robert B. Wilson have won the Nobel Prize in economics for "improvements to auction theory and inventions of new auction formats.” "Auctions are everywhere and affect our everyday lives. This year’s Economic Sciences Laureates, Paul Milgrom and Robert Wilson, have ...

Are the Keynesians back?

Commentary / World May 12, 2020

Are the Keynesians back?

by David Howell

The current rescue through cascades of public spending may look like Keynesianism, but in fact it is little more than practical common sense in an utterly changed social and economic order.