Alvin Roth (left) and Lloyd Shapley were awarded the 2012 Nobel Prize for Economics. Prices are often the easiest way to create an efficient market–the person willing to pay the most gets the thing ...

IN MOST countries it is illegal to buy or sell a kidney. If you need a transplant you join a waiting list until a matching organ becomes available. This drives economists nuts. Why not allow willing ...

Whether it's landing your dream job or getting the girl, a basic mathematical principle can help you in almost any situation. That's according to Hannah Fry, a mathematician at the UCL Centre for ...

Economics is closely associated with the idea of money, but economic life extends beyond what can be or is monetized, as shown by the winners of this year’s economics Nobel Prize, Lloyd Shapley of ...

“They’ve been talked about as likely winners for a long time now, so it’s not really a huge surprise they’ve been chosen,” Princeton economics professor Dilip Abreu GS ’83 said. “It was a matter of ...