American Trio Wins Nobel Prize in Economic Sciences

American Trio Wins Nobel Prize in Economic Sciences

The Royal Swedish Academy of Sciences in Stockholm announced the winners on Monday.

Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig have been given this year’s Nobel Prize in Economic Sciences “for research on banking and financial crises,” capping up an exciting week of Nobel Prize announcements that started a week ago.

The week of Nobel Prize announcements kicked off on Monday, when Swedish scientist Svante Pääbo, who solved the mystery of Neanderthal DNA, won the medical prize.

Frenchman Alain Aspect, American John F. Crowther, and Austrian Anton Seilinger showed that small particles can stay connected to each other even when they are apart – known as quantum entanglement. This is required for special computers and can be used to encrypt information.

According to the jury, the trio of Americans was honored for “significantly improving our understanding of the role of banks in the economy, particularly the financial crisis, and the regulation of financial markets.”

French author Annie Ernault was awarded this year’s Nobel Prize for Literature on Thursday. The committee combined her fiction and Kudos to her for blending her autobiography.

The prize, worth 10 million Swedish kronor (approximately $900,000), will be presented on December 10th.

See also  Shardiya Navratri 2022 Starts From Today | Puja Vidhi and Mantras to Worship Maa Shailputri

Leave a Reply

Your email address will not be published. Required fields are marked *