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Three US-based economists win economics Nobel Prize

Sweden:11/10/21: A U.S.based Canadian David Card, Israeli-American Joshua Angrist and Dutch-American Guido Imbens today won the Nobel Economics Prize for insights into the labour market and “natural experiments”.

The Nobel committee said in a statement that the researchers were honoured for providing “new insights about the labour market” and showing “what conclusions about cause and effect can be drawn from natural experiments”.

Half of the prize went to Card, a professor at the University of California, Berkeley “for his empirical contributions to labour economics.” Card’s work has focused on labour market effects of minimum wages, immigration and education.

The other half went jointly to Angrist, a professor at the Massachusetts Institute of Technology (MIT), and Imbens, a professor at Stanford, “for their methodological contributions to the analysis of causal relationship.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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