The Nobel Prize committee has awarded its 2020 prize in economic sciences to Stanford professors Paul Milgrom and Robert Wilson “for improvements to auction theory and…
- Edward Nik-Khan and Philip Mirowski
- NewStatesman
In light of its 2019 prize, which was awarded to Esther Duflo and others for efforts “alleviating global poverty”, one may be forgiven for wondering what the big deal is.
But make no mistake: this year’s award is epoch-making for the economics profession.
Some acquaintance with…