Paul Krugman, a Princeton University economist and Nobel laureate, said tighter fiscal policy risks leading to “substantially increased unemployment” and called for higher government spending to sustain the U.S. economic expansion.
Discoveries that may lead to prevention and better treatment of rheumatoid arthritis earned two Americans and a Swede the Crafoord Prize in Polyarthritis, awarded by the Royal Swedish Academy of Sciences.
Alvin E. Roth and Lloyd S. Shapley shared the 2012 Nobel Prize in Economic Sciences for their work on matching supply and demand for everything from single men and women to organ donors and their recipients.
A U.S. and a French scientist won the Nobel Prize in Physics for finding ways to manipulate quantum particles without changing their nature, work that paved the way for a new generation of precision clocks and speedy computers.
Peter A. Diamond ’s Nobel Prize in economics may weaken Senate Republican opposition to the Massachusetts Institute of Technology professor’s Federal Reserve Board nomination, improving his chances of joining the central bank.
New York University’s Thomas J. Sargent and Princeton University’s Christopher A. Sims shared the 2011 Nobel Prize in Economic Sciences for their work in sorting out cause from effect in the economy and policy.
Peter A. Diamond , Dale Mortensen and Christopher Pissarides shared the 2010 Nobel Prize in Economic Sciences for research into the difficulties of matching supply and demand, particularly in the labor market.