Technology, Policy Work Wins Economics Nobel This year's Nobel Prize in Economics is awarded to Finn E. Kydland, 60, of Norway and Edward C. Prescott, 63, of the United States. They won for work showing how technology and government economic policy affect the business cycle. The academy said their research has influenced macroeconomic theory as well as the way fiscal policy is carried out in many countries. NPR's Jack Speer reports.

Technology, Policy Work Wins Economics Nobel

Technology, Policy Work Wins Economics Nobel

  • Download
  • <iframe src="https://www.npr.org/player/embed/4080612/4080613" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

This year's Nobel Prize in Economics is awarded to Finn E. Kydland, 60, of Norway and Edward C. Prescott, 63, of the United States. They won for work showing how technology and government economic policy affect the business cycle. The academy said their research has influenced macroeconomic theory as well as the way fiscal policy is carried out in many countries. NPR's Jack Speer reports.