News of the WeekNOBEL PRIZE IN ECONOMICS

Laurels for Theories That Demystified Inflation, Unemployment, and Growth

Science  13 Oct 2006:
Vol. 314, Issue 5797, pp. 235
DOI: 10.1126/science.314.5797.235a

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Summary

Columbia University economist Edmund Phelps, who corrected a fundamental misunderstanding about the relation between unemployment and inflation, has won the 2006 Nobel Prize in economics, completing a U.S. sweep of this year's science Nobels. (Read more.)

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