One year before he died in 1896, Alfred Nobel stated in his will that a large part of his inheritance should fund a yearly prize awarded to persons who made exceptional contributions to the fields of Physics, Chemistry, Medicine, Literature, and Peace. As you might have noticed, Alfred Nobel himself... [Read More]

In this post, I will explore what revolutionary new auction format led to the Nobel Prize in Economic sciences in 2020 being awarded to Paul Milgrom and Robert Wilson, two professors at Stanford University. In 1994, two years before William Vickrey won his Nobel prize in auction theory, the United... [Read More]

2020 is not only the year of a massive global pandemic, it is also the year that auction theory won its second Nobel Prize in Economic sciences. To be more precise, the prize was won by Paul Milgrom and Robert Wilson, two professors at Stanford University, who won the prize... [Read More]

Whenever people talk about Money Printing they often exclusively focus on cases where money printing went horribly wrong. For example, they might talk about how money printing in the 1920s in Germany led to hyperinflation and how that set the scene for the rise of the Nazi party. Or about... [Read More]

The world is in lockdown and that is not just tough for our wellbeing but also for our wallets. All over the world, economies are taking massive hits. But, not all lock-downs are implemented equal . So, the economic hit won’t be either. This post covers the top five strictest,... [Read More]