Nobel Prize in economics announced — SWEDEN | 世界のニュースを英語で読むならジャパンタイムズウィークリー


	UPDATE: Saturday, June 12, 2010 The Japan Times Weekly 2006年10月14日号（バックナンバー）

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Nobel Prize in economics announced

An American economist who developed theories about unemployment that better capture how workers and companies actually make deci sions about jobs has been named winner of the 2006 Nobel Memorial Prize in Economic Sciences.

Edmund S. Phelps, American economist and professor at Columbia University AP PHOTO

Edmund S. Phelps, 73, a professor at Columbia University in New York, was cited Oct. 9 for research into the relationship between inflation and unemployment, giving governments better tools to formulate economic policy.

The Royal Swedish Academy of Sciences, which announced Phelps' selection in Stockholm, Sweden, said in its citation that "Phelps' work has fundamentally altered our views on how the macroeconomy operates."

The economics prize carries an award of $1.4 million.

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