ANOTHER NOBEL PRIZE FOR A MEMBER OF THE
KUNGL VETENSKAPSAKADEMIEN (which, apparently, means "The Royal Swedish Academy of Sciences", but in Swedish this is just two words)
ANNOUNCED THAT THE
2006 NOBEL PRIZE IN ECONOMICS HAS BEEN AWARDED TO
"For his analysis intertemporal tradeoffs in macroeconomic policy" (whatever that means)
Ned brings the FOURTH Nobel Prize to the Columbia Economics Department over the last 10 years.
The three previous laureates were:
William Vickrey who won the Prize in 1996
Robert Mundell who won the Prize in 1999
Joe Stiglitz who won the Prize in 2001
This takes our Department of Economics to the
SECOND position in the ranking of Most Nobel Laureates (behind Chicago).
Columbia has now surpassed the departments of economics of Harvard, MIT, Princeton, Berkeley, and Cambridge (UK) (all with 3)