The Nobel Prize for Economics to Card, Angrist and Imbens
"They provided us with new information on the labor market and showed what conclusions about cause and effect can be drawn from natural experiments"
Half of the Nobel Prize in Economics was awarded to David Card and half, jointly, to Joshua D. Angrist and Guido W. Imbens.
This was announced by the Royal Academy of Sciences of Sweden.
David Card, a Canadian who teaches at Berkley University, was awarded the victory "for his empirical contributions to the labor economy", while the American Joshua D. Angrist of the Massachusetts Institute of Technology and the Dutch Guido W. Imbens of Stanford University for “methodological contributions to the analysis of cause and effect relationships”.
"Their approach has spread to other fields and has revolutionized empirical research", the motivation continues.
Officially called the Bank of Sweden Prize for Economic Sciences in memory of Alfred Nobel, unlike the other prizes it was established by the will of the Nobel Foundation, following a request made by the Swedish Central Bank, and not Alfred Nobel's will.
The creation of this award has been the subject of numerous criticisms, including that of Peter Nobel, a human rights lawyer and nephew of Nobel, who said that his uncle "despised people who were more concerned with profits than with the welfare of society."
(Unioneonline / F)
