How to Find Your Match

Creating more efficient markets, matching algorithms facilitate supply and demand when transactions do not involve money.

How To Price a Nobel Prize

Shown by auctions of Nobel prize medals from recipients like Simon Kuznets and James Watson, through markets, the price system conveys information.

A Big Shrimp Problem

Because of the holiday, our Wednesday environment blog will appear today. The post has been written by 2 Kent Place students, Megan Ganning and Madeleine Vance. “Sorry, Sir, but the ‘Bay Shrimp’ have actually had to be taken off the…

Alexander Hamilton, George Washington and the Euro Zone

How to decide euro zone policy today? Just look at the U.S. between 1780 and 1840. Saturday, in his Nobel Prize lecture, economist Thomas J. Sargent compared the past U.S. to the current euro zone. He based his talk on…

Nobel Cash

If you win a Nobel Prize, you get a cash prize of approximately $1.5 million. The size of that prize relates to how well the foundation that manages Alfred Nobel’s endowment has fared.  According to the Financial Times, during the…

A Phone Call From Adam Smith

The phone rings. The caller says he is Adam Smith and you have won the Nobel Prize in Economics. Your response? As you know, the 18th century author of The Wealth of Nations, Adam Smith, is perhaps the greatest economic…