David Card, of the University of California, Berkeley, won half of the Nobel Memorial Prize in Economic Sciences -- formally called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 -- "for his empirical contributions to labour economics."
Good morning to 2021 economic sciences laureate David Card!— The Nobel Prize (@NobelPrize) October 11, 2021
Card’s wife Cynthia Gessele snapped this photo of him speaking to #NobelPrize’s Adam Smith (which he suspected might be a made-up name) right after he had heard the news.
Listen to our interview, coming soon. pic.twitter.com/I93bJwikGl
Stanford University professor Guido W. Imbens will share the other half of the prize with colleague Joshua D. Angrist, of the Massachusetts Institute of Technology, "for their methodological contributions to the analysis of causal relationships."
The prize amount that the laureates will share is 10 million Swedish krona, about $1.14 million.
Although the Royal Swedish Academy of Sciences notes on its website that the prize in economics is not a Nobel Prize -- in part because it was not established until 1968, 73 years after the creation of the Nobel Prize by Alfred Nobel's will -- it is awarded using the same principles as for the Nobel Prizes that have been awarded since 1901 and is commonly referred to as the Nobel prize in economics.
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The announcement of the prize can be seen on YouTube.
BREAKING NEWS:— The Nobel Prize (@NobelPrize) October 11, 2021
The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded with one half to David Card and the other half jointly to Joshua D. Angrist and Guido W. Imbens.#NobelPrize pic.twitter.com/nkMjWai4Gn