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The Nobel Prize Goes to Bernanke and Diamond and Dybvig - Marginal REVOLUTION

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The Nobel Prize Goes to Bernanke and Diamond and Dybvig for their work on banking. Bernanke seems like an obvious choice. Doesn’t he have one already? Well, no. But few people have had as stellar an academic career topped by another stellar career in public policy. A few economists have became famous politicians but it’s […]

The Nobel Prize Goes to Bernanke and Diamond and Dybvig for their work on banking. Bernanke seems like an obvious choice. Doesn’t he have one already? Well, no. But few people have had as stellar an academic career topped by another stellar career in public policy. A few economists have became famous politicians but it’s difficult to think of any economists whose career in public policy consisting of implementing, applying and testing the knowledge they built in academia. Bernanke, of course, wrote key papers on the Great Depression–the Nobel committee points especially to hi

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