Former Federal Reserve chief Ben Bernanke and Douglas Diamond and Philip Dybvig have won the 2022 Nobel Economics Prize “for research on banks and financial crises,” the Royal Swedish Academy of Sciences has said.
Bernanke is now a researcher at the Brookings Institution in Washington, Diamond teaches at the University of Chicago, and Dybvig is a professor at Washington University in St. Louis.
The Nobel committee said their work had shown “why avoiding bank collapses is vital.”
His mission to pick winners and losers in the American economy and challenge the theory of comparative advantage was bound to fail.
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His mission to pick winners and losers in the American economy and challenge the theory of comparative advantage was bound to fail.
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