October 16, 1991 |
An 81-year-old economist from the University of Chicago, whose Depression-era tour of American factories led him to discover that it costs money to bargain over any transaction, was awarded the Nobel Prize in economics on Tuesday. The theories developed by British-born Ronald Coase, a professor emeritus at the university's law school, were described by the Nobel committee as the economic equivalent of discovering new particles of matter.
December 11, 1988 |
Secretary General Javier Perez de Cuellar accepted the Nobel Peace Prize on behalf of U.N. peacekeeping troops Saturday and said their success illustrates a new mood of understanding and common sense in the world. But Perez de Cuellar also said the peacekeepers' crucial mission is threatened because the United States and other nations don't pay their dues to the world body.
October 10, 1992 |
While Elliott Wave theorists track human events through the ages to make their economic forecasts, one Orange County group takes an even less conventional approach: It bases its predictions on such indicators as weather patterns and the animal population. The Foundation for the Study of Cycles is an Irvine group whose following includes investors, stock analysts, even a Nobel prize-winning economist, Maurice Allais.
October 17, 1990 |
Three American economists, including a Stanford University professor whose work helped lay the foundation for creation of mutual funds and advanced the understanding of financial markets, were jointly awarded the Nobel memorial prize in economics Tuesday. Professors William F. Sharpe of Stanford, Harry F. Markowitz of City University of New York and Merton H. Miller of the University of Chicago, will share in the $700,000 prize from the Swedish Academy of Sciences.
October 14, 1992 |
The 1992 Nobel Prize for economics has been awarded to Gary S. Becker, a University of Chicago professor who has used economic theory as a key to explore riddles about families, the work force, crime, discrimination and other social issues, the Swedish Academy of Sciences announced Tuesday. Becker, a professor of economics and sociology whose work was once shunned by the academic Establishment, was awarded the $1.