Explained: Top prize for labour economics

What is the News? The Royal Swedish Academy of Sciences has awarded the Nobel Prize in Economics to three US-based economists: David Card, Joshua D. Angrist and Guido W. Imbens. The prize has been awarded – with one half to Card, and the other half jointly to Angrist and Imbens – for their work on… Continue reading Explained: Top prize for labour economics

Simple, but brilliant: on Nobel Prize for Chemistry

Synopsis: This year’s Nobel Prize for Chemistry is awarded for the discovery of an efficient, “precise, cheap, fast and environmentally friendly” concept of catalysis asymmetric organocatalysis. Read – What is asymmetric organocatalysis? Significance of discovery Simpler: This concept for making molecules is simpler than one could ever imagine. Accelerating research: The multitudes of new organocatalysts… Continue reading Simple, but brilliant: on Nobel Prize for Chemistry

2 journalists battling for freedom of expression awarded peace Nobel

What is the news? Maria Ressa of the Philippines and Dmitry Muratov of Russia received the Nobel Prize for Peace “for their courageous fight for freedom of expression”. This is the first Nobel Peace Prize for journalists since the German Carl von Ossietzky won it in 1935 for revealing his country’s secret post-war rearmament programme.… Continue reading 2 journalists battling for freedom of expression awarded peace Nobel

Explained: Importance of Nobel winner Abdulrazak Gurnah’s writing in highlighting the refugee experience

What is the news?  This year’s Nobel Prize for Literature is awarded to “Abdulrazak Gurnah”, who was born in Zanzibar and now lives in the UK. He became the fifth African writer to win the Nobel Prize for Literature. Read more: Nobel Prize for Physics Goes to 3 for Climate Discoveries About Gurnah’s work He is the author… Continue reading Explained: Importance of Nobel winner Abdulrazak Gurnah’s writing in highlighting the refugee experience

Nobel Prize for Physics Goes to 3 for Climate Discoveries

What is the news? Nobel Prize for physics 2021 has been awarded to scientists  Syukuro Manabe, Klaus Hasselmann, and Giorgio Parisi. This is the first time climate scientists have been awarded the Physics Nobel. About the discovery Manabe and Hasselmann were cited for their work in “the physical modeling of Earth’s climate, quantifying variability and reliably predicting global warming”. Manabe demonstrated how an increase in the amount of carbon… Continue reading Nobel Prize for Physics Goes to 3 for Climate Discoveries

Expained: The economics of Auction Theory

News: Royal Swedish Academy of Sciences has awarded the 2020 Nobel Prize for Economics — to Paul R Milgrom and Robert B Wilson for their work on auction theory and new auction formats. Facts: Auction Theory: It is an applied branch of economics which deals with how people act in auction markets and researches the… Continue reading Expained: The economics of Auction Theory