Three subjects and six academics with the option of winning the Nobel

Research on entrepreneurship, innovation and competition; the history and culture of technological progress and its economic consequences, as well as contributions to international macroeconomics and knowledge about world debt and financial crises are the most optioned to win the 2021 Nobel Prize in Economics.

According to the estimate of Clarivate Analytics, lhe six strong academics in economics are based in educational institutions in the United States. Two of them at Harvard and the rest at Indiana University, Berkeley, the University of California and Northwestern.

(See: Colombia, ranked 67th most innovative economies out of 132 countries).

This year’s ‘Nobel Class’ research commendations have pioneered some of the most important research of our time, such as financial crises.”Said Joel Haspel, Clarviate’s senior vice president of strategy and science.

In the field of pioneering research on entrepreneurship, innovation and competition, one of the standouts is Professor David B. Audretsch, distinguished in the Ameritech Chair in Economic Development at Indiana University, where he is also director of the Institute for Development Strategies. He is also an honorary professor of industrial economics and entrepreneurship at the WHU-Otto Beisheim School of Management in Germany.

He was also recognized in 2009 as the eighth economist World’s most prominent by the Handelsblatt Economic Ranking and named among the 60 “most influential economists of all time.”

(See: These are the business rules that ‘The Squid Game’ leaves us).

On the other hand is David J. Teece, director of the Tusher Initiative for the Management of Intellectual Capital and professor of business administration at the Institute of Entrepreneurial Innovation, Haas School of Business, at the University of Berkeley in California for his studies related to innovation, entrepreneurship and competition.

In the case of research on studies of the history and culture of technological progress and its economic consequences, the author of the book ‘A culture of growth: The origins of modern economy’, the professor Joel mokyr who is currently a professor in the department of economics at the Weinberg College of Arts and Sciences and co-director of the Northwestern Center for Economic History and who questions the factors that made possible the Industrial Revolution, based on the economic history of Europe, of 1750 to 1914.

Carmen Reinhart, The World Bank’s chief economist has perhaps the most conjunctural issue. Her study of financial crises, the role of the government and the use of public debt, during the Covid-19 pandemic, makes her one of the candidates with the most options. The woman who took office after taking public service leave as a professor of the International Financial System at Harvard Kennedy School in Cambridge, Massachusetts. He has written the book: ‘This time it’s different: Eight centuries of financial folly’ (in collaboration with Kenneth S. Rogoff) has been widely cited in the deployment of the austerity policies of various governments, as his thesis supports the idea of ​​containing the growth of debt in times of crisis.

(See: Investing in Venezuela: How easy or complex is it to do?).

Precisely Kenneth S. Rogoff, Professor of Economics and Public Policy, Department of Economics, Harvard University is listed for his contributions to international macroeconomics and knowledge of world debt and financial crises.

The other nominee with options is Joshua David Angrist, the Israeli-American economist and Ford economics professor at the Massachusetts Institute of Technology (MIT), who worked on labor market issues, immigration, economics of education, among others.

Last year Paul R. Milgrom and Robert B. Wilson They were awarded for their innovations in auction theory and the invention of new auction formats.
In 2019 the award went to Abhijit Banerjee (Indian economist), Esther Duflo (French economist) and Michael Kremer (American economist) for their studies on poverty reduction.

(See: Colombia’s GDP would grow 7.7% in 2021, according to the World Bank).

In the case of the 2018 awards, the winners were William D. Nordhaus and Paul M. Romer who won the award for integrating studies on climate change and technological innovations in macroeconomic analysis.

(See: What is stagflation and why is it a growing fear in the economy?).

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Three subjects and six academics with the option of winning the Nobel

Hank Gilbert