Nobel Prize 2021 For Economic Sciences

David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel Prize for Economic Sciences.
Sheena

Updated: Oct 11, 2021 05:31:26 pm

11 October 2021 Current Affairs:David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel Prize for Economic Sciences.

Highlights:
♦David Card, Joshua Angrist and Guido Imbens won the Nobel Prize for their methodological contributions to the analysis of causal relationships.
♦ These have provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments.
♦ This might help with pharmaceutical research and making chemistry greener.
♦ The Nobel Prize for Economic Sciences was shared into equal parts for laureates.
♦ Their strategy has spread to other fields and revolutionised empirical research
♦ In 1968, Sweden's central Bank established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize. 
♦ The Prize is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the Bank's 300th anniversary.

Nobel Prizes:
♦ The Century-old' Nobel Prize' for science, literature, and peace was founded and funded in Alfred Nobel's name, Swedish dynamite inventor and businessman Alfred Nobel, since 1901.
 
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