Economists debunk the banking system and win the Nobel Prize
Three economists were awarded the Nobel Prize in economic sciences for their decades of research on societal reactions to financial crises and avoiding bank collapses. Three economists were awarded the Nobel Prize in economic sciences on Oct. 10 for their discoveries which are said to have improved “how society deals with financial crises."Ben Bernanke, Douglas Diamond and Philip Dybvig conducted research on the economic role played by banks during times of financial crisis. According to the Nobel Prize Organization, this research included an important finding on why it is not only....
Related News
The vast majority of economists seem to have a serious distaste for Bitcoin. Whenever an economist who has received a Nobel Prize, teaches at an Ivy League school or works at a central bank comments on Bitcoin, they always seem to have something negative to say about the technology. Some of these individuals simply say that Bitcoin has no future whatsoever, while others go as far as to claim it is pure evil. Paul Krugman, who won the 2008 Nobel Prize in Economics, has ridiculed Bitcoin on multiple occasions. Late last month, fellow Nobel laureate Joseph Stiglitz shared his own disdain for....
Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for getting us “to the brink of collapse and under a mountain of debt with quantitative easing.”
Former Fed Chair Ben Bernanke Wins Nobel Prize in Economic Sciences
The Royal Swedish Academy of Sciences announced Monday that it has decided to award the Sveriges....
Major figures in the crypto space argued the Bitcoin creator was the most deserving candidate for the economic award, despite the fact Satoshi's true identity remains unknown. Bitcoin enthusiasts on social media platforms have reiterated their annual petition to have the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel awarded to Satoshi Nakamoto.On Oct. 10, the Royal Swedish Academy of Sciences announced three recipients of the economic prize — former Federal Reserve chair Ben Bernanke, and U.S. economists Douglas Diamond and Philip Dybvig — for “research on banks....
Bhagwan Chowdhry, a Professor of Finance at the University of California Los Angeles (UCLA) has nominated Satoshi Nakamoto for the 2016 Nobel Prize in Economics. The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics. It is generally regarded as the most prestigious award for that field. "The committee has invited me to nominate someone for the 2016 Prize," writes Chowdhry in The Huffington Post. "I then started thinking whose ideas are likely to have a disruptive influence in....
Bhagwan Chowdhry, a professor of finance at UCLA, has nominated Satoshi Nakamoto, for the 2016 Nobel Prize in economics, according to the Huffington Post. The professor was asked by the Nobel Prize committee to nominate someone for the prize. Bhagwan Chowdhry. Chowdhry said likely candidates for the prize include Paul Romer at New York University, Doug Diamond at the University of Chicago, and Steve Ross at the Massachusetts of Technology, for the work they did in the 1970s and 1980s. But in thinking about whose ideas have had a disruptive influence in the 21st Century, Chowdhry said....