Economics

Why Nobel Prizes are often not noble, especially in Economics, Literature and Peace

The Nobels in the physical sciences are fair to a great extent, because that is the very nature of science. But the Economics, Literature and Peace awards lists are rife with mistakes and missteps. It is astonishing that the Nobel Prize still enjoys the reputation it does

Nobel Prize in Economics 2021: David Card, Joshua Angrist and Guido Imbens win for work on 'natural experiments'

The Royal Swedish Academy of Sciences said the three have “completely reshaped empirical work in the economic sciences.”

Fighting hyperinflation woes, Venezuela introduces new currency with six fewer zeros

This is the third time Venezuela's socialist leaders have lopped off zeros; the bolivar lost three zeros in 2008 while current President Nicolás Maduro, eliminated five zeros in 2018.

India must act on climate change to prevent $35 trillion loss, could gain $11 trillion: Deloitte report

Over the next 50 years, the top five most impacted industries in terms of economic activity are expected to incur a significant share of climate-related loss.

Benefits of 'drastic' measures to address emissions, warming outweigh costs: economists

The costs of failing to slash carbon pollution would rapidly balloon to reach trillions of dollars every year, as per a new study.

Human growth in recent decades came at 'devastating cost' to nature, planet's economic role: Review

A sustainable future for people and the planet calls for a total decarbonisation of the global energy system, the review added.

Farm laws and the studied silence of India's original reforms team

The absence of bipartisan political thinking has resulted in many critical policy reforms remaining stuck

Nobel Prize in Economics awarded to Paul Milgrom, Robert Wilson for contributions and innovation in auction theory

The duo used the results of fundamental theories economics, in auction formats, which have spread globally.

Amartya Sen to be awarded the 2020 Peace Prize of the German Book Trade for his work on issues around global justice

To be presented by the German Publishers and Booksellers Association, Börsenverein, the award will recognise Amartya Sen's contribution in addressing questions around social inequality in education and healthcare.

Days after Piyush Goyal's 'Left-leaning' remark, Narendra Modi meets Abhijit Banerjee, says economist's 'passion for human empowerment is visible'

Prime Minister Narendra Modi met Nobel Laureate Abhijit Banerjee on Tuesday and said that the economist's 'passion' towards human empowerment was 'clearly visible'. Modi's meeting with Banerjee comes days after Union minister and BJP leader Piyush Goyal dubbed him 'Left-leaning'.