YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Americans Robert Hall of Stanford University and Michael Woodford of Columbia University have won the Nobel Memorial Prize in Economic Sciences.
The two were noted for their work on how to smooth boom-and-bust cycles to limit inflation and unemployment, according to NPR.
Their work reportedly became the foundation for the "New Keynesian" approach to economics.
Read more from NPR.
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