Nobel economics prize awarded to Ben Bernanke and 2 others for work on financial crises

U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig person been awarded the Nobel prize successful economical sciences for 2022 for probe connected banks and fiscal crises.

The winners of the prize — officially called the Sveriges Riksbank Prize successful Economic Sciences successful Memory of Alfred Nobel — person 10 cardinal Swedish kronor ($883,000) each.

The Royal Swedish Academy of Sciences prime the winners from a database of candidates recommended by the Economic Sciences Prize Committee. This makes its enactment from names submitted by astir 3,000 professors, erstwhile winners and academy members by invitation. People cannot nominate themselves.

Last year, the economics prize was divided 3 ways. It went to David Card, for his enactment connected labour economics; and Joshua D. Angrist and Guido W. Imbens for their contributions to the investigation of causal relationships.

Unlike the 5 different Nobel prizes, which person been handed retired since 1901 and were bestowed successful the volition of Swedish inventor, chemist and technologist Alfred Nobel, the economics grant was established successful 1969 by Sweden's cardinal slope successful his honor. It is the past to beryllium announced each year.

The renowned Nobel Peace Prize was awarded Friday to Belarusian quality rights activistic Ales Bialiatski, Russian quality rights enactment Memorial and the Ukrainian NGO Center for Civil Liberties.

This year's prize for physics went to Alain Aspect, John Francis Clauser and Anton Zeilinger, for discoveries successful quantum mechanics. The Nobel committee said they had utilized "groundbreaking experiments" investigating particles successful entangled states to statesman a caller epoch of quantum technology.

The chemistry prize was divided betwixt Carolyn R. Bertozzi, for her enactment utilizing click and bioorthogonal chemistry to representation cells and make much targeted crab treatments; and Morten Meldal and K. Barry Sharpless, who the committee said "laid the foundations of click chemistry," which involves connecting biocompatible molecules.

The medicine prize was awarded to Svante Paabo "for his discoveries concerning the genomes of extinct hominins and quality evolution."

The prize for lit went to French writer Annie Ernaux.