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Latest Fellows of the Econometric Society Stories

2008-11-07 00:00:19

An entrepreneur and visionary marketer who built his successful investment firm on finance principles he learned at the University of Chicago Graduate School of Business has returned the favor by making the largest donation in the University's history and the largest gift to any business school in the world, the school announced today (Thursday, November 6). The donor is David G. Booth, founder and chief executive of Dimensional Fund Advisors, an investment firm, his wife Suzanne Booth...

2008-10-14 03:00:14

By Geoff Mulvihill; Ellen Simon PRINCETON, N.J. (AP)- Paul Krugman, whose relentless criticism of the Bush administration includes opposition to the $700 billion financial bailout, won the Nobel prize in economics Monday for his work on international trade patterns. The Princeton University professor and New York Times columnist is the best-known American economist to win the prize in decades. The Nobel committee commended Krugman's work on global trade, beginning with a 10-page paper...

2008-10-13 09:00:03

A U.S. economist received the Nobel Prize in Economics for his analysis of international trade and economic geography, the Nobel Foundation said Monday. Paul Krugman of Princeton University developed a new theory to answer questions regarding the effect of free trade and globalization and the driving forces behind worldwide urbanization, the foundation in Stockholm said in a news release. The Royal Swedish Academy of Sciences awarded the prize. Krugman's approach is based on the...

2008-06-27 15:02:21

By AMY FORLITI, THE ASSOCIATED PRESS MINNEAPOLIS Leonid Hurwicz, who shared the Nobel Prize in economics last year for developing a theory that helps explain how buyers and sellers can maximize their gains, has died at age 90, a spokesman said Wednesday. Mr. Hurwicz died Tuesday of natural causes, said Mark Cassutt, spokesman for the University of Minnesota, where Mr. Hurwicz was an emeritus economics professor. He had been in a Minneapolis hospital and had been on kidney dialysis,...

2008-06-27 00:00:39

Leonid Hurwicz, an emeritus professor at the University of Minnesota who shared the Nobel Prize in economics last year, has died. He was 90. Hurwicz, who lived in Minneapolis, became ill about a week before his death Tuesday night, the Minneapolis Star-Tribune reported. In 2007, Hurwicz became the oldest person ever to receive a Nobel Prize when he was honored for his work on the interactions among buyers, sellers and economic institutions. He shared the prize with Eric Maskin of the...

2008-06-25 18:02:20

By Ben Cohen, Star Tribune, Minneapolis Jun. 25--Leonid Hurwicz, who shared the Nobel Prize in economics last year for developing a theory that helps explain how buyers and sellers can maximize their gains, died Tuesday night in Minneapolis. The Minneapolis resident was 90 and had been on dialysis for two years. He was hospitalized a week ago. Hurwicz was given his prize in Minneapolis last December because he couldn't make the trip to Stockholm. He was the oldest person ever to win a...

2006-06-25 05:42:08

BASEL, Switzerland (Reuters) - The central bank chiefs of the world's two largest economies, the United States and Japan, left a Bank for International Settlements summit on Sunday without speaking to reporters. Federal Reserve Chairman Ben Bernanke kept the practice of his predecessor Alan Greenspan and made no comments before leaving Basel. The Fed has a two-day rate meeting starting Wednesday where it is widely expected to raise rates by at least a quarter percentage point to 5.25...

2006-06-08 19:42:34

By Jason Szep BOSTON (Reuters) - The most controversial leader in Harvard's history bowed out on Thursday in a final commencement that drew cheers and shouts of support from the students who backed him during a faculty rebellion. Former U.S. Treasury Secretary Lawrence Summers, while not directly addressing the controversy surrounding his February 21 resignation, acknowledged his disagreements with Harvard professors and said he had learned much about himself and leadership. "I...

2006-01-12 18:05:00

By Kevin Plumberg NEW YORK -- Game theory, a science of solving conflicts based on individuals choosing the best outcome for themselves, may offer everyone from the hard-bitten day trader to a corporate chief executive a framework for making tough decisions. Robert Aumann, co-winner of the 2005 Nobel prize in economics for his work in game theory, said the concept has practical applications for everything from auctions of oil leases to resolving geopolitical conflicts. Aumann's own work on...

2005-11-16 12:40:34

By Jason Szep BOSTON (Reuters) - A group of leading Harvard University professors have launched an angry protest over a report that the school's controversial president, Lawrence Summers, had told faculty members he was dissatisfied with an important dean and had considered firing him. "This kind of backbiting is more than unprofessional," said a statement signed by 17 professors including seven department heads sent to Harvard Corp. on Tuesday. The statement threatens to reignite...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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