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Elinor Ostrom says it's an honor to be the first woman to win a Nobel Prize in economics — and she promises she won't be the last.
Recent winners of the Nobel Memorial Prize in Economic Sciences, and their research, according to the Nobel Foundation:
One scholar studies how best to manage resources like forests, fisheries and oilfields. A fellow American looks at why some companies grow so large. Together they're winners of this year's Nobel Prize in economics for groundbreaking work that could affect efforts to prevent another global financial crisis.
Even though the bungee-jumping company claimed a 100 percent safety record, a nervous Rishi Baveja still said a prayer and made the sign of the cross before launching himself off a 165-foot tower in Thailand.
The White House is defending the overly optimistic economic models it used to justify the historic stimulus plan.
Thoughtless adherence to economic theories can be as dangerous as blind obedience to political ideology, the head of the Church of the England said Monday, drawing parallels with Nazi Germany.
Stocks are down, down, down. But student interest in economics appears to be trending upward.
President-elect Barack Obama is an invisible force as foreign leaders and Congress convene separately in Washington, the economy at center stage.
Democrat Barack Obama and Republican John McCain recently unveiled new proposals to their economic plans. Here's a look at the presidential candidates' additions to their economic proposals:
Recent winners of the Nobel Memorial Prize in Economic Sciences, and their research, according to the Nobel Foundation:
Paul Krugman, whose relentless criticism of the Bush administration includes opposition to the $700 billion financial bailout, won the Nobel prize in economics Monday for his work on international trade patterns.
Alaska Gov. Sarah Palin, the Republican nominee for vice president, bills herself as a fiscal conservative. But her record looks little like the classic conservative who favors less government and lower taxes.
Several leading women in the business community, addressing the GOP presidential convention Wednesday, said John McCain's plan for lower taxes, less government and a push to reduce America's dependence on foreign oil will do more to help revive the struggling economy than the Democratic agenda.
Kids may be worried about homework, teachers and that pesky bully this school year. But parents? They're leery about lunches.
Mushers wanting to run the world's best-known sled dog race will have to pay a lot more for a shot at a smaller guaranteed purse.
Dairy farmers stand to lose income if the government honors congressional demands for a total ban on downer cattle after a California slaughterhouse failed to keep them out of the food supply.
A look at Ohio's demographics and how its numbers compare with those of the United States:
A look at Texas' demographics and how its numbers compare with those of the United States:
Barack Obama listened intently Wednesday as 65-year-old Sandra Burt poured out her troubles, a recent retiree and her husband without the money to cover a $2,900 monthly drug bill or even a full load of kerosene for heat.
Americans Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson won the Nobel economics prize Monday for developing a theory that helps explain how sellers and buyers can maximize their gains from a transaction.
Americans Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson won the Nobel prize in economics on Monday for developing a theory that helps explain situations in which markets work and others in which they don't.
Efforts to save up for a first car or stretch an allowance might be helping high schoolers in at least one academic area.
It would be hard for Troy Johnston to have a better perch for the 2008 Democratic National Convention. His Brauns Bar and Grill is in the parking lot of the Pepsi Center, where thousands of convention delegates will gather — perfect, he figures, for selling burgers and steaks.
American Edmund S. Phelps won the 2006 Nobel Memorial Prize in Economic Sciences on Monday for explaining the relationship between inflation and unemployment, work that has had a profound impact on macroeconomic policy.
It is said that societies that do not know history are doomed to repeat it. In some sense then it is fitting that today, November the 9th, will pass in relative obscurity for most Americans.
Chávez's Venezuela: Rationing Both Water & Power In a country that has claimed the world's biggest oil reserves and is home to its fourth-mightiest river, the Orinoco, has recently been forced to ration both water and electricity.
Is legalizing pot the answer to state economic problems?Assemblyman Tom Ammiano has come up with a solution to California's economic woes...legalizing pot. And California is often the model for the rest of the county. But is this bill really the solution?
Senator Sanders (I-VT) Proposes "Too Big To Fail, Too Big To Exist" LegislationThe act is straightforward. It would require that 90 days after its passage, Treasury Secretary Tim Geithner "submit to Congress a list of all commercial banks, investment banks, hedge funds and insurance companies that the Secretary believes are too big to fail."
Tax Cuts and RecoveriesVery interesting observations regarding the use of tax cuts to spur recovery. The evidence suggests GWB stopped reading his history after the tax cut chapter.Ronald Reagan signed a large tax cut in the summer of 1981, while the economy was in recession.
California Finance Director To Step Down Amid State's Worst CrisisSACRAMENTO, Calif. -- California Finance Director Mike Genest said Monday in e-mail that he is stepping down from his post. Genest is leaving after one of the worst financial crises California has ever faced.
Audit the Fed bill "gutted" by Rep. Mel WattRon Paul introduced H.R. 1207, which would have required a full audit of the Federal Reserve and its activities, which crosses international lines. According to Rep. Ron Paul, R-Texas, the House Financial Service Committee's panel on domestic monetary policy, Rep.
Construction spending up in SeptemberConstruction spending in September posted a better-than-expected performance, powered by the largest jump in housing construction in more than six years.
Oz Government CSIRO bid to GAG top economist's attack on Obama-style carbon ETSThe taxpayer-funded research organization CSIRO has reportedly stopped publication of a peer-reviewed research article by a top ecological economist critical of Obama-style carbon trading-based ETS approach
Free-market ThinkersThis, of course, is precisely what left-wing pundits and politicians are saying in the context of the ongoing economic crisis.
Rep. Mel Watts Guts the Fed Transparency Act"Oct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been "gutted" while moving toward a possible vote in the Democratic-controlled House."
Documentary: American CasinoAnyone who already understands the current economic disaster will find little new in "American Casino." But for the rest of us, this "Frontline"-esque documentary is at turns eye-opening (a former mortgage broker smilingly admits that he, and everyone he worked with, regularly al …
America's Controlled Economic Implosion (video)Here is your chance to see the ending.., for those of you that failed to see the beginning....
White House claims cars sold on Mars during Cash For Clunkers programIn other words, all the other cars were being sold on Mars, while the rest of the country was caught up in the excitement of the Cash for Clunkers program.
Overview on the book The Shock DoctrineThis is an interesting summary of the book Shock Doctrine...which has a profound view on economics and history...and the workings or not of a well oiled machine...I found it a good read..
A Wary Respect: America and China Need Each Other But Are a Long Way From Trusting Each OtherA special report on the relationship between China and America and what it means to the rest of the world. 14 pages long.
New home sales take surprise tumbleSales of new homes dropped unexpectedly last month as the effects of a soon-to-expire tax credit for first-time owners started to wane.
Soros Launches Effort to Battle Free-Market Zeal"Large swaths of economics are going to have to be rethought on the basis of what's happened." So said Larry Summers, President Obama's chief economic adviser, in an interview in the weeks after the markets crashed a year ago.
The government asking to take over health care is like the mafia asking to take over law enforcement in a crime-ridden city. Why is that? Because it is thr government's Socialist interferences in helath care that have caused the problems they now say they can fix.
High Taxes Driving New Yorkers Out Of State In Increasing Numbers New Yorkers are fleeing the state and city in alarming numbers -- and costing a fortune in lost tax dollars, a new study shows.
Tech firms on upswing even while downsizingIt's been a long, hard recession, but for Massachusetts technology companies, the end may be in sight.
China's 8.9% Growth? No Way by Gordon G. ChangChina's 8.9% Growth? No Way Beijing has spent its way to a sugar high.
Household Debt Can Hasten Recovery, When It Goes UnpaidThe pain of millions of people across America losing their homes hardly inspires confidence in the future. But in a brutal way, it could be restoring the financial health of the U.S. consumer faster than many recognize.
FACT CHECK: Health Insurance Industry Profits... Not So Fat After AllFarm and construction machinery, Tupperware, the railroads, Hershey sweets, Yum food brands and Yahoo are all more profitable than the health insurance industry.
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