Novel price 2014 Economics Nobel goes to French professor Frenchman Jean Tirole of Toulouse 1 Capitole University has won this years Nobel Prize in Economics. This is the first time since 1999 the prize has been awarded to a non-American. The Nobel Prize in Economics has gone to French economist Jean Tirole for his analysis of market power and regulation, the Royal Swedish Academy of Sciences announced in Stockholm Monday. Jean Tirole is one of the most influential economists of our time, the Academy said. He has made important theoretical research contributions in a number of areas, but most of all he has clarified how to understand and regulate industries with a few powerful firms. His work is credited with helping drive the deregulation of industries in developed economies in the 1980s and 1990s, when many sectors were dominated by state-owned companies or monopolies. But in the wake of the global financial crisis, he has argued for stronger regulation of banks. The 61-year-old Troyes native said he was very honored and moved upon winning the 2014 Nobel Prize in Economics, while talking on the telephone to reporters during the announcement. He is the third Frenchman to win the award, the others being Gerard Debreu in 1983 and Maurice Allais in 1988 dw.de/economics-nobel-goes-to-french-professor/a-17990301
Posted on: Mon, 13 Oct 2014 14:03:31 +0000
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