Nobel Prize 2021 For Economic Sciences

Highlights:

• David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel Prize for Economic Sciences.
• David Card, Joshua Angrist and Guido Imbens won the Nobel Prize for their methodological contributions to the analysis of causal relationships.
• These have provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments.
• This might help with pharmaceutical research and making chemistry greener.
• The Nobel Prize for Economic Sciences was shared into equal parts for laureates.
• Their strategy has spread to other fields and revolutionised empirical research
• In 1968, Sweden's central Bank established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize.
• The Prize is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the Bank's 300th anniversary.

• The Century-old' Nobel Prize' for science, literature, and peace was founded and funded in Alfred Nobel's name, Swedish dynamite inventor and businessman Alfred Nobel, since 1901.