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Selection of three names in the field of economics

News Nation Bureau , Edited By : Mohit Saxena , Updated on: 10 Oct 2022, 04:48:31 PM

Nobel prize winner for economics (Photo Credit: ani )

highlights

  • Research on banks and study done on financial crisis
  • The first winner was selected in the year 1969
  • David Card and Joshua Angrist got the Nobel for Economics in the year 2021

New Delhi:

The Nobel Committee on Monday selected three names in the field of economics. Under this the names of Ben Bernanke, Douglas W Diamond and Philip H Dybvig have been announced. These three economists have been jointly selected for this award. He has been rewarded for research on banks in the field of economics and studies on financial crisis. According to the media report, the committee said that the three awardees have improved our understanding on the role of banks in times of financial crisis. Important information has come out from the research done by him. This explains why it is important for banks to avoid collapse.

Significantly, the first winner of the Nobel Prize in the field of economics was selected in the year 1969. In the year 2021, the Nobel for Economics was received by David Card and Joshua Angrist. DeWitt’s research was found on the minimum wage, how immigration affects the market.

The Nobel Committee in Stockholm on Monday approved three names. These names were Ben S. Bernanke, Douglas W. Diamond and Philip H. Diebwig. Under this award, there will be a cash prize of 10 million Swedish kronor i.e. 9 lakh US dollars. The award will be given on 10th December.






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First Published : 10 Oct 2022, 04:46:06 PM



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