This years’ winners find democratic institutions and the rule of law are more likely to have been established in countries in which European colonisers faced little resistance.
Articles on Nobel Prize in economics
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Before Card, it had been widely accepted that boosting the minimum wage would cost jobs.
David Card, Josh Angrist and Guido Imbens pushed economics closer to the traditional sciences with experiments that mimicked the randomised trials in drug tests.
Their big contribution was that auctions aren’t just auctions. How an auction is designed matters enormously for what it does.
The 2019 Nobel Prize in Economics pays tribute to randomized control trials, but can they really help us fight poverty?
This year’s Nobel Prize is important both for what it recognises and who it recognises.
Top contributors
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Senior lecturer, Canberra School of Government, University of Canberra
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Scientia Professor of Economics, UNSW
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Économiste, statisticien, directeur de recherche à l’IRD et membre de l’UMR LEDa - DIAL, Institut de recherche pour le développement (IRD)
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Affiliate, Monash department of business statistics and econometrics, Monash University
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Professor of Economics, University of St Andrews
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Directrice de recherche à l'IRD-Cessma (Université de Paris), affiliée à l’Institut Français de Pondichéry, Institut de recherche pour le développement (IRD)
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Scientia Professor, UNSW