2 Americans win Nobel Prize in economics
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Kalecki versus orthodox economics, tracing policy, cycles, and inflation’s class implications across macroeconomic history.
The post-World War II Chicago School of Aaron Director and Milton Friedman reimagined a new (neo) liberalism that treated economic liberties and the free market as the greatest defense of political rights.
Analyses of four decades of data show that genetically engineered varieties of corn, soybean and cotton raised average yields, reduced year-on-year yield variability and blunted the climate-driven northward drift of crop production. These findings indicate that biotechnology is an under-recognized instrument of climate adaptation.
This year’s Nobel Prize awards concluded Monday after two economists won the Memorial Prize in Economic Sciences for their work on models that help manage economic shocks