Nobel Prize

The Insight and Influence of Douglas Diamond

Chicago Booth professors Zhiguo He and Yueran Ma discuss their admiration for the work and mentorship of 2022 Nobel winner Douglas Diamond.

Douglas Diamond, the 2022 Nobel Laureate in Economics

Raghuram Rajan writes about the insights of Nobel winner Douglas Diamond's research, as well as his relationship with Doug as a colleague....

Spectrum Auctions: There Is Elegance in the Mundane

As a student, Booth School Professor Anthony Lee Zhang was puzzled that Paul Milgrom chose to spend so much of his time...

Esther Duflo: How to Find the Right Questions

In this piece, originally published in 2011 by the American Economic Association's Committee on the Status of Women in the Economics Profession, Esther Duflo, co-recipient of...

Angus Deaton on the Under-Discussed Driver of Inequality in America: “It’s Easier for Rent-Seekers to Affect Policy Here Than In Much of Europe”

In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton talks about the connection of rent-seeking and monopolization to rising inequality. In December, the United...

Oliver Hart and the Poetry of Economic Theory

At this year's annual ASSA meeting, Stigler Center Director Luigi Zingales delivered a lecture honoring Oliver Hart, winner of the 2016 Nobel Prize for economics. Read...

Richard Thaler and the Science of People

Richard Thaler's thought process and perspective on human behavior have influenced how we view economic phenomena and how they affect and are effected by people.     Earlier...

Can Narratives Shape Society?

Narratives that alter beliefs and change norms or guiding principles may indeed have real and lasting effects.  In the 2017 American Economic Association Presidential Address,...

The Role of Narratives in Economics

Narratives are vectors of ideas. Nobel laureate Robert Shiller suggests that in the age of social information networks, economists need to rethink how and...

The Power of Convictions

Oliver Hart and Bengt Holmstrom, winners of this year's Nobel Prize in Economics, created a new area of economic inquiry. They also had a profound...

LATEST NEWS

International Policymaking Must Evolve

In this Q&A about his new book for ProMarket, Paul Tucker explains the changing global order and the need for academics, policymakers...

Capitalism Does Not Require a Tradeoff Between Planet and Profit

Critics of capitalism claim that the economic system incorrigibly encourages the exploitation of the planet and is thus incompatible with efforts to...

Academic Bias Under the Microscope

That scholarship often reflects conscious and unconscious biases has long been an open secret in academia. On April 22, Professors Christian Leuz,...

Corporations Are Not “We the People”

The Citizens United ruling contradicts the Founders, decades of Supreme Court precedent and the will of the American people.

Too Many Economists Are Using a Flawed Theory To Defend Dominant Platforms’ Self-Preferencing Practices

Congress is currently considering two major bills that would regulate “self-preferencing” and related conduct by dominant digital platforms. Criticism of these bills...