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Israeli-American among trio to win Nobel Prize in Economic Sciences

i24NEWS

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Nobel Economics Prize committee members announce the winners of the 2021 Sveriges Riksbank Prize in Economic Sciences at the Royal Swedish Academy of Sciences in Stockholm, Sweden, October 11, 2021.
CLAUDIO BRESCIANI / TT NEWS AGENCY / AFPNobel Economics Prize committee members announce the winners of the 2021 Sveriges Riksbank Prize in Economic Sciences at the Royal Swedish Academy of Sciences in Stockholm, Sweden, October 11, 2021.

Joshua Angrist taught at Jerusalem's Hebrew University before his position at MIT

Joshua Angrist, an Israeli-American professor at the Massachusetts Institute of Technology (MIT), won the Nobel Prize for Economic Sciences along with two other candidates, it was announced on Monday. 

Canadian David Card, of the University of California at Berkeley, was awarded half of the prize, while the other half was shared between Angrist and Dutch-American Guido Imbens of Stanford University, The Times of Israel (ToI) reported.

The three were commemorated for their work on unintended experiments, otherwise known as "natural experiments." Angrist, while also making contributions to the field of econometrics, is an expert on labor and education economics. 

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Before arriving at MIT in 1996, Angrist was a professor at Hebrew University in Jerusalem, then at Harvard University in Massachusetts. 

Peter Fredriksson, chair of the Economic Sciences Committee, praised the three for their important work, "Card’s studies of core questions for society and Angrist and Imbens’ methodological contributions have shown that natural experiments are a rich source of knowledge," as reported by ToI.

“Their research has substantially improved our ability to answer key causal questions, which has been of great benefit for society,” Fredriksson added.

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The 2021 Nobel Peace Prize was awarded last week to journalists Maria Ressa and Dmitry Muratov for their fight for freedom of expression in the Philippines and Russia, where reporters have faced persistent censorship, harassment, and even murder.