The Nobel Prize in Economics was awarded today to Paul Krugman of Princeton University “for his analysis of trade patterns and location of economic activity”. Based on his research, Krugman developed a new theory related to free trade, globalization and worldwide urbanization.
Watch the announcement, read the press release and a summary of Krugman’s work [...]
The 2008 annual report on the Economic Freedom of the World is now available. The study takes into account 42 different factors to determine the level of economic freedom of the people in a country or the ability of people in a country to acquire, own, and sell property. The report measures the level of [...]
The Birmingham News reported on June 6, 2008 that Alabama’s economic growth slowed to a 1.8% increase in GSP (gross state product) in 2007, according to the U.S. Bureau of Economic Analysis. Read the whole story from The Birmingham News here: http://tinyurl.com/4rlrgl
Additional information about economic growth in other U.S. states can be found on the [...]
On October 15, 2007, the Nobel Prize in Economics was awarded to Leonid Hurwicz, Eric S. Maskin, and Roger B. Myerson “for having laid the foundations of mechanism design theory”. You can read more about it here: http://nobelprize.org/nobel_prizes/economics/laureates/2007/press.html
To find out more information about mechanism design theory, check out Designing economic mechanisms, the latest book [...]
