Nobel Prize: Two American economists win Nobel Prize their work on auction theory in economics

Two American economists won the Nobel Prize on Monday for improving the theory of how auctions work and inventing new and better sale designs that are presently woven into numerous pieces of the economy. The revelations of Paul R. Milgrom and Robert B. Wilson “have benefitted sellers, buyers and taxpayers around the world,” the Nobel…

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American poet ‘Louise Glück’ is awarded Nobel Prize in Literature

The American writer was commended “for her unmistakable poetic voice.” The Nobel Prize in Literature was granted on Thursday to Louise Glück, one of America’s most praised writers, “for her unmistakable poetic voice that with austere beauty makes individual existence universal.” The honor was declared at a news meeting in Stockholm. Glück, who was conceived…

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