Nobel economics prize won by Oliver Hart and Bengt Holmström
Pair’s work is described as key to understanding contracts and institutions that hold today’s economies together
This year’s Nobel prize in economics has been awarded to UK-born Oliver Hart and Bengt Holmström of Finland for their work on contract theory which has covered a range of issues from public-private partnerships to executive pay.
“I woke at about 4:40 and was wondering whether it was getting too late for it to be this year, but then fortunately the phone rang” O. Hart
“My first action was to hug my wife, wake up my younger son ... and I actually spoke to my fellow Laureate” Oliver Hart #NobelPrizeContinue reading...