Nobel Prize Lecture, December 8, 2005

I was born April 14, 1921, in Oakland California, spent most of my boyhood in California, with three years in the east and two in the Panama Canal Zone, my father being a naval officer. I attended the University of California, Berkeley (with two years out in Chile), graduating in economics in...

This groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those...

Nobel Prize Lecture

Being awarded the Prize in Economic Sciences in Memory of Alfred Nobel is a beautiful, fairy-tale experience, from beginning to end. It is not, however, conducive to research, writing, teaching, or indeed to any ordinary academic work. Instead, one is besieged by hundreds â indeed thousands...