ANOTHER NOBEL PRIZE FOR A MEMBER OF THE

ECONOMICS DEPARTMENT

 AT

COLUMBIA UNIVERSITY

 

nobel.gif (162122 bytes)  

 

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

Edmund Phelps

of

COLUMBIA UNIVERSITY

 

"For his analysis intertemporal tradeoffs in macroeconomic policy" (whatever that means)

Congratulations, Ned!!!  

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)