Associated Press reporter Karl Ritter writes that Prof. Bengt Holmström has been honored with the Nobel Prize in economics. ‘‘I certainly did not expect it, at least at this time, so I was very surprised and very happy, of course,’’ Holmström said.
Prof. Bengt Holmström won the Nobel Economics Prize for his work on contract theory, Daniel Dickson and Ross Kerber report for Reuters. "This theory has really been incredibly important, not just for economics, but also for other social sciences," said Prof. Per Stromberg, a member of the prize committee.
Prof. Daron Acemoglu discusses the work of Angus Deaton, who won the 2015 Nobel Prize in Economics, with Washington Post reporter Ana Swanson. “I think his understanding of how the world worked at the micro level made him extremely suspicious of these get-rich-quick schemes that some people peddled at the development level,” says Acemoglu.
Prof. and Nobel laureate Frank Wilczek provides readers of The Wall Street Journal with a glimpse into his everyday routines in this piece chronicling a week in his life. Wilczek writes that he spends most of one day “on my recent obsession: expanding perception.”
Charles H. Townes, a physicist whose long and distinguished career included service as MIT’s second provost, died Tuesday at age 99, reports Robert D. McFadden for The New York Times. While the Institute’s provost, Townes shared the 1964 Nobel Prize in physics for research that led to the development of the laser.