Javier Parra | Digital economy and finance

Richard Stone, winner of the 1984 Nobel Prize in Economics

27 May, 202130 June, 2021 by Javier Parra

Javier Parra

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On 18 October 1984, the Royal Swedish Academy of Sciences awarded the London economist Richard Stone the Nobel Prize in Economics for "work of fundamental importance for the development of national accounting systems, which has radically improved the basis of empirical economic analysis". He was born on 30 August 1931…

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Gérard Debreu, winner of the 1983 Nobel Prize in Economics

20 May, 202130 June, 2021 by Javier Parra

Javier Parra

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The economist Gérard Debreu was awarded the 1983 Nobel Prize in Economics for his work "introducing new analysis methods in economic theory and for a rigorous reformulation of the theory of general equilibrium". This brilliant economist was born in Calais on 4 July 1921, and it was in Calais that…

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Franco Modigliani, winner of the 1985 Nobel Prize in Economics

16 November, 202027 June, 2021 by Javier Parra

Javier Parra

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Franco Modigliani was a New-Keynesian economist who won the Nobel Prize in Economics in 1985 for "his fundamental studies of savings and financial markets". He is best known for his contributions to consumption theory, financial economics, and the theory he developed, called the Modigliani-Miller Theorem of corporate finance. He was…

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Herbert Simon Nobel Prize in Economics in 1978

21 September, 202027 June, 2021 by Javier Parra

Javier Parra

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Herbert Simon, the winner of the Nobel Prize in Economics in 1978 for his pioneering work on "the decision-making process within the economic organisation", was born on 15 June 1916 in Milwaukee, Wisconsin, USA. He described himself as an "arrogant" individual, not inclined to accept criticism and a "workaholic". His…

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Milton Friedman, winner of the 1976 Nobel Prize in Economics

14 August, 202027 June, 2021 by Javier Parra

Javier Parra

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Milton Friedman was born in Brooklyn, New York, in 1912. This American economist and statistician are best known for his firm belief in free-market capitalism and holding a position that opposed traditional Keynesian economists. He won the Nobel Prize in Economics in 1976 for his "contribution to the analysis of…

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Ronald Coase, winner of the 1991 Nobel Prize in Economics

13 July, 202027 June, 2021 by Javier Parra

Javier Parra

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Ronald Harry Coase was born in Willesden, just outside London, on 29 December 1910. This economist was awarded the Nobel Prize in Economics in 1991 for "having discovered and elucidated the significance of transaction costs and property rights in the institutional structure and functioning of the economy". This only child…

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Kenneth Arrow and John Hicks win Nobel Prize in Economics

15 June, 20203 August, 2021 by Javier Parra

Javier Parra

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In 1972 the Royal Swedish Academy of Sciences decided on 25 October to award the Nobel Prize in Economics in Memory of Alfred Nobel to Kenneth Arrow and John Hicks for "their fundamental contributions to the general theory of economic equilibrium and the theory of welfare". The theory of general…

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Simon Kuznets, winner of the 1971 Nobel Prize in Economics

18 May, 202027 June, 2021 by Javier Parra

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Simon Kuznets, whose full name was Simon Smith Kuznets, was born in Pinks (now Belarus), near Kharkiv, Russia (now Kharkiv, Ukraine) on 30 April 1901 known for his studies on national income and its components. In 1971 he won the Nobel Prize in Economics for his "empirically grounded interpretation of…

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Ragnar Frisch and Jan Tinbergen win first Nobel Prize in economics

1 May, 202021 April, 2021 by Javier Parra

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It is not unusual for this important prize to be awarded to a duo, but in no other case was it awarded to two people whose careers overlapped as much as in the case of Ragnar Frisch and Jan Tinbergen, the first winners of the Nobel Prize in Economics in…

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Wassily Leontief won the Nobel Prize in economics for his input-output method

20 April, 202018 May, 2021 by Javier Parra

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Wassily Leontief was born on 5 August 1906 in St. Petersburg, Russia and died on 5 February 1999 in New York, USA. This American economist was a witness to history. As a child, he witnessed Leo Tolstoy's death and saw Lenin speaking to a crowd in front of the winter…

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