William Nordhaus of Yale University and Paul Romer of NYU's Stern School of Business were awarded the Nobel Prize in Economics for their work on economics of climate change
3 min read8 Oct 2018It is useful to understand the contradiction between the positive and normative aspects of Nobel Prize winner Richard Thaler's work on behavioural economics
4 min read16 Oct 2017Richard Thaler winning the Nobel Prize in Economics this year has clearly established that behavioural economics is here to stay
4 min read12 Oct 2017The Nobel Prize to Richard Thaler is the recognition that researchers attempting to study behavioural economics are no longer asked to do their best to make a correct prediction
4 min read11 Oct 2017Behavioural economists are one part of the broader project to reframe human motivation in economics
4 min read11 Oct 2017Richard Thaler expressed surprise that the US stock market is continuing to go up during what he sees as uncertain political times
1 min read10 Oct 2017Richard Thaler ’s out to create a new paradigm — one that doesn’t rely on a grand unified theory of human behaviour.
4 min read10 Oct 2017Richard Thaler and Cass Sunstein’s ‘nudge’ could very well be of use to the Narendra Modi govt as it’s keen on changing citizen behaviour in areas as diverse as cleanliness and digital money
2 min read10 Oct 2017Views | What the economics Nobel to Sargent and Sims means
2 min read10 Oct 2011Factbox | Winners of the 2011 Nobel Economics Prize
1 min read10 Oct 2011The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared