The 2021 Nobel Prize in Economic Sciences is awarded to David Card, Joshua D. Angrist and Guido W. Imbens.

The 2021 Nobel Prize in Economic Sciences is awarded  to David Card, Joshua D. Angrist and Guido W. Imbens.

The 2021 Nobel Prize in Economic Sciences is awarded to David Card, Joshua D. Angrist and Guido W. Imbens. | Source: Twitter/The Nobel Prize

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 was divided, one half awarded to David Card “for his empirical contributions to labour economics”, the other half jointly to Joshua D. Angrist and Guido W. Imbens “for their methodological contributions to the analysis of causal relationships.”

 

As the report states, this year’s Laureates – David Card, Joshua Angrist, and Guido Imbens – have provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments. Their approach has spread to other fields and revolutionized empirical research.

The Prize amount of 10 million Swedish kronor will be given one half to David Card and the other half jointly to Joshua Angrist and Guido Imbens.

The 2020 Nobel prize in economic science in the memory of Alfred Nobel has been awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats.”

The 2021 Nobel Prize in Physiology or Medicine was jointly awarded to David Julius and Ardem Patapoutian for their discoveries of receptors for temperature and touch.

The Nobel Prize in Physics 2021 was awarded “for groundbreaking contributions to our understanding of complex systems” with one half jointly to Syukuro Manabe and Klaus Hasselmann “for the physical modelling of Earth’s climate, quantifying variability and reliably predicting global warming” and the other half to Giorgio Parisi “for the discovery of the interplay of disorder and fluctuations in physical systems from atomic to planetary scales.”

The Nobel Prize in Chemistry 2021 was awarded jointly to Benjamin List and David W.C. MacMillan “for the development of asymmetric organocatalysis.” Benjamin List and David MacMillan are awarded the Nobel Prize in Chemistry 2021 because in 2000 they, independent of each other, developed a third type of catalysis. It is called asymmetric organocatalysis and builds upon small organic molecules.

OV Digital Desk