Business · Economy · 1 hr ago

Two US university professors win Nobel economics prize

Two US university professors win Nobel economics prize

Two professors at US universities have won the Nobel economics prize.

The award recognizes their work on the microeconomic foundations of macroeconomic stability.

Microeconomics looks at choices made by individuals and businesses.

Macroeconomics looks at the economy as a whole.

The prize citation links those small-scale choices to efforts to keep the wider economy stable.

The announcement does not give the professors’ names or say what happens next.

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microeconomic foundations of macroeconomic stabilization
Award citationReason for the awardvia Toyo Keizai

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