2021 Nobel Prize in Economics goes to Card, Angrist and Imbens

The 2021 Nobel Prize in Economics goes to David Card, Joshua Angrist and Guido Imbens due to their work on “natural experiments” and how this econometric technique can inform important research questions in labor economics. From the Nobel Prize press release: Using natural experiments, David Card has analysed the labour market effects of minimum wages, immigration and…

Nobel Prize in Medicine

David Julius and Ardem Patapoutian have won the 2021 Nobel Prize in Physiology or Medicine for their work “for their discoveries of receptors for temperature and touch.” Here is a summary of Professor Julius’ contribution from the BBC: Prof David Julius’s breakthrough, at the University of California, San Francisco, came from investigating the burning pain…

The 2019 Nobel Prize in Economics goes to…

…Abhijit Banerjee, Esther Duflo and Michael Kremer. The announcement on the 2019 Economics award on the Nobel website: This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty. In brief, it involves dividing this issue into smaller, more manageable, questions – for example, the most effective interventions for…

HWR is up

Hank Stern of InsureBlog hosts this week’s “Pink edition” Health Wonk Review. Check it out. Also of note this week is that Richard Thaler has the 2017 Nobel prize in economics.  For more on Dr. Thaler’s work, check out the Nobel Prize website.

2016 Nobel Prize in Medicine goes to…

Yoshinori Ohsumi. He won the award for his discoveries of mechanisms for autophagy. What is autophagy? The Nobel Prize website explains: The word autophagy originates from the Greek words auto-, meaning “self”, and phagein, meaning “to eat”. Thus,autophagy denotes “self eating”. This concept emerged during the 1960’s, when researchers first observed that the cell could…

2016 Nobel Prize in Economics goes to…

…Oliver Hart and Bengt Holmström for their research on contract theory. One of my favorite papers in all of economics is Holmstrom and Milgrom’s 1991 paper titled “Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design.”  In a world where health care is increasingly moving to value-based payment, payers (i.e., insurance companies, employers, and the government) are increasingly…

2013 Nobel Prize for Medicine

The Nobel prize for medicine honored breakthroughs in understanding how key substances are moved around within a cell. Each cell is a factory that produces and exports molecules. For instance, insulin is manufactured and released into the blood and signaling molecules called neurotransmitters are sent from one nerve cell to another.  That process happens through…