The Nobel Prize Announcement: Economic Sciences - who find experiments in real life.Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize, the Royal Swedish Academy of Sciences said on Monday and sees the winners share a sum of 10 million Swedish crowns ($1.14 million).
David Card has made a career of studying unintended experiments to examine economic questions —
like whether raising the minimum wage causes people to lose jobs.Joshua D. Angrist and Guido W. Imbens have developed research tools that help economists to use real-life situations to test big theories,
like how additional education affects earnings. @Businessinfoeth
